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California developer teams up with Korean firm for 20MW solar project

KISCO is a Korean steel company that has diversified into solar module production

Plans were announced yesterday for five solar power projects Southern California, the first of which would be 20 megawatts in size.

Sustainable Energy Capital Partners, a renewable energy developer based in Santa Ana, California, has formed a joint venture with South Korean firm KISCO Corporation to build large-scale solar facilities in the state.

The project would make use of KISCO’s own thin-film solar photovoltaic modules.

The partnership has already agreed a 20-year power purchase agreement to sell power from the first, 20MW project to the utility Southern California Edison.

International engineering firm Parsons Corporation has been hired to build the solar farm, with construction expected to take place during the second half of this year.

Rick Lewis, Managing Director of SECP, said: “This project is the cornerstone of our company. We are thrilled to have experienced and highly respected companies such as KISCO and Parsons join us as our partners.

“By bringing much-needed jobs to California and supplying renewable energy to Southern California Edison, we will advance SECP’s mission of providing clean, affordable, and sustainable electricity,” Mr Lewis added.

Targets

Power utility companies in California are required to source 20% of their electricity from renewable sources this year, rising to 33% by 2020.

Southern California Edison, part of Edison International, is planning to source 175MW of power from 13 different renewable energy facilities, with the largest contracts for six 20MW projects.

KISCO, a steel company that has diversified into renewable energy technology, said the California project would help build its position in the US market.

Byung-Je Lee, Managing Director of KISCO, said: “By participating in this US solar project with local partners like SECP and Parsons, KISCO is confident of its long-term success in the renewable energy market.”