Jun 22 2010
Sustainable Energy Capital Partners (SECP), a California-based developer of renewable energy projects, announced a joint venture partnership with KISCO Corporation to build large-scale solar farms in Southern California. The partnership allows for both companies to jointly develop up to five solar projects and to incorporate KISCO, with their industry-leading GETWATT thin-film PV modules, as one of the module suppliers.
The first of five solar projects has already received a 20-year power purchase agreement from Southern California Edison (SCE) for the development of a 20-megawatt solar farm. Parsons Corporation, an international engineering, construction, technical, and management services firm, has been contracted to build the project. Construction is scheduled to take place during the second half of the year and is expected to create numerous jobs for the local community.
“This project is the cornerstone of our company. We are thrilled to have experienced and highly respected companies such as KISCO and Parsons join us as our partners. By bringing much-needed jobs to California and supplying renewable energy to Southern California Edison, we will advance SECP’s mission of providing clean, affordable, and sustainable electricity,” said Rick Lewis, Managing Director of SECP.
“For half of the 20th Century, it has been KISCO’s policy to balance our growth in Korea’s iron and steel industry while minimizing its environmental impact. In the 21st Century, we have diversified our interests and industries to no longer simply minimize our impact but to directly improve the environment. By participating in this US solar project with local partners like SECP and Parsons, KISCO is confident of its long-term success in the renewable energy market,” said Byung-Je Lee, Managing Director of KISCO.
Utility companies in California are required to generate one-fifth of their electricity from renewable sources by the end of 2010 and one-third by 2020. Edison International's (EIX) Southern California utility asked state regulators for permission to execute contracts for 175 megawatts of renewable energy from 13 different facilities to help meet its state renewable energy requirements. The largest contracts are for the output from six 20-megawatt solar farms and two 20-megawatt wind farms, including the solar farm by Sustainable Energy Capital Partners. SCE is the nation’s leading purchaser of renewable energy and led the way in solar by delivering more than 65 percent of the solar energy produced in the United States for its customers in 2008.
Source: http://www.secp-llc.com/