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SCE, Caithness in wind power deal
August 18, 2008
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reprintRosemead, Calif.-based Southern California Edison said today that it signed an agreement to get up to 909 megawatts of wind power from DCE, an affiliate of New York's Caithness Energy.
Southern California Edison, a subsidiary of Edison International (NYSE: EIX) did not disclose the financial terms of the 20 year wind energy supply contract.
"This contract is a crown jewel in our renewable energy portfolio,” said Stuart Hemphill, VP of renewable and alternative power at SCE. "The project is attractive to SCE because of its size, near-term delivery and its competitive price."
The project, called Caithness Shepherd's Flat, involves the installation of 303 wind turbines across 30 square miles in north-central Oregon between 2011 and 2012. It's expected to generate 2 billion kilowatt-hours per year of renewable energy.
"Caithness has been successfully partnering with Southern California Edison since the 1980s to bring renewable energy to the region," said Les Gelber, president and COO of Caithness Energy. "The Shepherd's Flat project is particularly exciting and will bring a significant new renewable energy supply to the western United States."
Caithness Shepherd's Flat requires no additional or upgraded transmission lines, which SCE said significantly shortens the time it will take for the wind farm to come on line.
In 2007, SCE said renewable energy accounted for about 16 percent of its total energy portfolio. Earlier this month, SCE made a deal with Tokyo-based Mitsubishi Motors to test the car maker's new i MiEV electric vehicles (see Mitsubishi EVs to be tested in California).
Mitsubishi will also be working with San Francisco-based Pacific Gas and Electric when the test vehicles are delivered to the U.S. in the fourth quarter.
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As the world is quickly
Submitted on August 18th, 2008 by Unregistered user (not verified)As the world is quickly learning, there’s money-saving-free-for-all energy in the wind. America’s oil baron T. Boone Pickens is promoting his own plan to wean the U.S. from foreign oil by shifting to wind power. He says this would cut oil imports by 38%. The industry lobbying organization, the American Wind Energy Association, cites a U.S. Department of Energy analysis that confirms that wind can generate 20% of the nation’s electricity by 2030, while providing benefits that far outweigh the cost. Companies are rapidly buying up domains (web addresses) like InTheWindEnergy.com, BackyardWindTurbine.com, MoneyFromWind.com and WindTurbines411.com, in order to educate consumers and market newly popular products. This all should provide a much needed jolt for the American economy, and very possibly the world’s.
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