Sempra U.S. Gas & Power and Consolidated Edison Development (CED) have agreed to partner on five solar projects in Nevada and California.
The projects include Sempra's 250 MW Copper Mountain Solar 3 project near Las Vegas and CED California Holdings LLC's 50 MW Alpaugh 50, 20 MW Alpaugh North, 20 MW White River 1 and 20 MW Corcoran 1 facilities.
Upon finalization of the agreements, Sempra and CED will each own a 50% interest in the five solar facilities. The agreement relative to the CED California Holdings projects is subject to regulatory approvals, which are expected during the second quarter of this year. The terms of the agreement were not disclosed.
The CED California Holdings facilities have been operational since 2012. Copper Mountain Solar 3 is currently under construction. Completion of the first 125 MW is expected by the end of the year, with the remaining 125 MW slated for completion in 2015.Â
Last year, the companies partnered on the 150 MW Copper Mountain Solar 2 plant near Las Vegas, along with the 150 MW Mesquite Solar 1 plant near Phoenix.
