Martifer Solar, a subsidiary of Martifer SGPS, alongside Silverado Power, signed Power Purchase Agreements (PPAs) with Southern California Edison, for 113 MW solar projects.
These 113 MW consist in nine PV projects within close proximity to major utility lines in Southern California. These projects, expected to be concluded in 2013, are primarily located in Los Angeles County and will allow an energy supply to thousands of homes via a 20-year contract with Southern California Edison.
This contract is inserted in the Renewable Standard Contract Program, developed by Southern California Edison, which represents an effort from the company to procure renewable energy through mid-scale installations. “These projects are a first step in bringing local job growth to Los Angeles County by building clean energy generation facilities”, said John Cheney, CEO of Silverado Power.
“This is an important project for Martifer Solar, since it will allow us to significantly expand our PV projects portfolio in a market with great growth potential, such as the US”, said Henrique Rodrigues, CEO of Martifer Solar.