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Business Briefing / Energy

PG&E signs big solar power deal

May 14, 2009|TIMES WIRE REPORTS

Pacific Gas & Electric Co. has signed new solar contracts that will produce enough electricity to power about 530,000 homes.

The company says the partnership with BrightSource Energy Inc. of Oakland is the nation's largest solar deal, producing 1,310 megawatts of solar thermal power. The deal includes seven solar projects, the first of which is slated to begin producing power in 2012.

In February, BrightSource signed a deal with Southern California Edison Co. to produce 1,300 megawatts of solar power over the next seven years.

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