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SunPower, PG&E Enter Contract For 100-Megawatt Henrietta Solar Project

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SunPower Corp. (SPWR) has signed a power purchase agreement with Pacific Gas and Electric or PG&E for delivery of the 100-megawatt (AC) Henrietta Solar Project in Kings County, Calif. According to the company, the project is likely to create nearly 200 jobs during construction and inject $72.7 million into the local economy.

PG&E anticipates that the 100-megawatt project would provide the equivalent power required for about 36,000 average California homes. At the site, SunPower would deploy the SunPower Oasis power plant, the energy industry's first modular solar power block that provides a cost-effective way to rapidly deploy utility-scale solar.

The contract is contingent on approval by the California Public Utilities Commission and SunPower's ability to complete all applicable permits. The construction may begin in 2015, with the plant beginning commercial operation by late 2016.

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