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

PG&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.

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