CalRENEW-1 Gets Final CPUC Approval

CalRENEW-1, the largest utility-scale photovoltaic (PV) solar facility being developed under California’s Renewables Portfolio Standard program, has received formal approval from the California Public Utilities Commission (CPUC). The 5 megawatts (MW) of power generated by the project will be sold to Pacific Gas & Electric (PG&E) under a long-term power purchase agreement. Cleantech America, Inc. is developing the project.

According to Cleantech, CalRENEW-1 is scheduled to begin operation in the spring of 2009 and will be one of the most advanced photovoltaic solar facilities in the world. It will use a variety of PV technologies and will generate peak electricity to help California meet its renewable energy and carbon reduction goals.

“With the end of the CPUC 30 day comment period, we now have a formally approved long-term contract with PG&E and the green light to move ahead with equipment procurement and project financing. Equally important, we are beginning to realize the forecast pricing leverage that results from utility-size economies of scale. This greatly enhances photovoltaic solar as a competitive, near-term, large scale response to global warming and energy independence,” said Bill Barnes, CEO of Cleantech America Inc.

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