Lincoln Renewable Energy Providing Solar Power To California

20/11/2012

US solar and wind developer Lincoln Renewable Energy announced Monday that it has entered into a 20-year power sales agreement with Southern California Edison (SCE) to deliver electricity sourced from two upcoming solar projects located in San Bernardino.

The two installations – the 25-megawatt DC Marathon and the 12.5-megawatt Agincourt — will be home to more than 150,000 solar panels and produce enough electricity to power 14,000 homes annually.

“With its huge solar resources, California represents an enormous opportunity for solar power developers and customers alike,” said Declan Flanagan LRE CEO. “California customers will benefit from the low-cost, fixed-price, clean and native energy these two projects will produce for decades to come.”

“Building on the success of our New Jersey Oak Solar project earlier this year, LRE is now one of the very few large-scale solar companies with a successful track record coast-to-coast,” Flanagan added.

Lincoln Renewable Energy is also looking to get some big wind projects off the ground, if Congress gets back in the saddle in a bipartisan way and extends the wind power Production Tax Credit.

“2013 is shaping up as a busy year for LRE. In addition to $100 million of capex on our solar projects, multiple wind projects are ready to execute power contracts and enter construction if Congress extends the Production Tax Credit as soon as possible,” Flanagan said.

By Le My

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