San Diego Gas & Electric (SDG&E) and subsidiaries of Soitec Solar Development LLC, a renewable energy company managed by Soitec (Euronext Paris), have signed two additional 25-year contracts for a total of 125 MW of solar energy to be generated in the utility's service territory.
The energy will be produced using Soitec's Concentrix concentrated photovoltaic (CPV) technology with solar modules manufactured in a new Soitec factory to be built in the San Diego area.
These new agreements follow the three San Diego contracts that the two companies signed in April for 30 MW of CPV-generated solar power, SDG&E notes. Combined, the five contracts SDG&E recently signed with Soitec represent five separate projects capable of generating a combined total of 155 MW of power. Both of the new proposed projects will be located in San Diego County and will be situated near SDG&E electric substations.