Officials at Lincoln Renewable Energy announce the company has entered into 20-year power sales agreements with Southern California Edison ('SCE') to deliver electricity from its Marathon (25MW dc) and the neighboring Agincourt (12.5MW dc) solar power plants. Both projects are located in San Bernardino County, CA, and will go into construction in 2013.
"With its huge solar resources, California represents an enormous opportunity for solar power developers and customers alike," says 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."
When completed, the combined California solar projects – the 25MW DC Marathon and the 12.5MW Agincourt – will deploy more than 150,000 solar panels and produce enough electricity annually to power 14,000 households. Only four projects operating in the United States today are larger.
"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 says.