PG&E strikes new solar deals; Sunpower closes at 17.8% high

sunpower_logo.jpgPG&E strikes two solar deals today, which underlines a growing commitment to meet energy demand in California.
On July 22 of this year, PG&E announced a plan to enhance existing energy efficiency plans and ensure ensure reliable supply of power, according to this press release.
Following through on its promise, PG&E’s deal with Optisolar and solar giant Sunpower will bring solar photo-voltaic to the mainstream. Optisolar is set to deliver 1,100,000 megawatt hours of renewable energy on its 550 MW thin-film PV Topaz Solar Farm.
Sunpower is expected to deliver just about half the amount (550,000 megawatt hours annually) in a 250 MW solar ranch in San Luis Obispo County, Calif.
This amount of power, according to PG&E will generate power for 239,000 homes in California every year.
Of course, in case you were wondering, this is not the first solar deal that PG&E has made. Last year, PG&E secured 177 megawatts of solar thermal energy from Ausra, so at least we know PG&E doesn’t prefer one type of solar energy over the other.

Clara lives in the San Francisco Bay Area and considers herself an international citizen. She has an MBA from the Monterey Institute of International Studies, and currently works in San Francisco as a marketing analyst. You can find her tweeting, blogging or simply continue an existing 3P conversation by commenting on a post.