PG&E cancels solar power contract with BrightSource Energy

Pacific Gas & Electric Co. (NYSE: PCG) and BrightSource Energy Inc. have mutually agreed to cancel power purchase agreements because of concerns about transmission upgrades.

PG&E had been planning to buy power from BrightSource’s planned 250 MW Hidden Hills solar-thermal power plants, according to the report. The plans for the purchase of the power were canceled on the same day BrightSource asked regulators to suspend permitting for the $2.7 billion project.

BrightSource said the contracts were terminated because of “uncertainty around the timing of transmission upgrades.” This is the second time this year BrightSource has announced a contract cancellation, according to reports.

In January, Edison International (NYSE: EIX) and BrightSource mutually terminated an agreement for the Rio Mesa 2 project, also in California.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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