Visions - Fall 2013 - (Page 18)
he Desert Sunlight Solar project, a 550MW solar
power project in the Californian Mojave Desert,
marked Sumitomo Corporation's first U.S. solar power
project. The 4,100-acre project is the largest solar photovoltaic
facility approved for U.S. public land, according to the U.S.
Department of the Interior, and will generate enough electricity
to supply more than 165,000 homes and displace 300,000
metric tons of greenhouse emissions per year. Desert Sunlight
has secured Power Purchase Agreements (PPAs) to supply
clean energy to Californian customers for the next two
decades. This solar project was initially developed by First
Solar Inc., the largest U.S. utility-scale solar project developer,
and today we share a co-investor role with our partners, GE
Energy Financial Services and NextEra Energy Resources.
The farm, just east of Palm Springs, expands Sumitomo's
renewable energy portfolio, which already includes over 1,800
MW in projects across the United States. The installation is
located on approximately 4,100 acres, and the facility is
estimated to create more than 630 jobs at peak construction.
First Solar will construct, operate and maintain the project,
which uses the company's advanced thin-film PV technology.
Desert Sunlight has secured Power Purchase Agreements
(PPA) to supply Southern California Edison with 250MW,
and Pacific Gas & Electric with 300MW of clean energy for
the next two decades. Desert Sunlight supports the initiatives
of the State of California of a 33% Renewable Portfolio
Standard of 15,000-20,000MW of renewable energy by 2020.
"The investment in Desert Sunlight is a good representation of
what Sumitomo is doing in regards to supporting a clean
energy future," said Teruyuki Miyazaki, Vice President, SCOA
Power & Telecommunications Business. "This, along with our
earlier investments in major renewable energy projects in the
U.S., allows us to leverage our experience and know-how as a
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long-term strategic investor and work with strong partners on
high-quality renewable energy projects in the advanced stages
of development or construction."
"Sumitomo has repeatedly proven to be a knowledgeable and
reliable world-class partner," said Alex Urquhart, president and
CEO of GE Energy Financial Services at the time of Sumitomo's
participation in the project. "We welcome the Sumitomo team
to the Desert Sunlight project and look forward to expanding
our relationship through future transactions."
SCOA and SC will build upon its investment in Desert Sunlight
and will continue to actively seek opportunities to develop,
construct and own solar and other renewable energy projects
in the advanced development phase in the U.S. and Canada.
Table of Contents for the Digital Edition of Visions - Fall 2013
Visions - Fall 2013
What is Infrastructure?
Interview with GM of Steel Group
Rail Supply Business
FOCUS: Union Pacific and Canadian National Ra
FOCUS: Arkansas Steel Associates
Interview with GM of Machinery & Power Business Group
Rail Systems Business
FOCUS: New Mazda Plant
Renewable and Conventional Power Business
FOCUS: Desert Sunlight
Construction Equipment Business
Corporate Social Responsibility - Clean Water Projects
The View from Washington
Visions - Fall 2013