NRG and MidAmerican Energy Holdings Company Announce Partnership on 290-Megawatt AC Agua Caliente Solar Project
MidAmerican Energy Holdings Company will acquire a 49% interest in the Agua Caliente solar project from NRG Energy (NYSE: NRG).
The 290-megawatt solar photovoltaic project in Yuma County, Ariz., will generate enough electricity to offset about 5.5 million metric tons of carbon dioxide over 25 years. The $1.8 billion project, which is being constructed by First Solar and expected to be complete by 2014, is supported by a $967 million loan guarantee from the U.S. Department of Energy and a long-term power purchase agreement with Pacific Gas and Electric for all of the project's generation.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.