(ADPnews) - Sep 22, 2010 - enXco Inc, the US-based subsidiary of French EDF Energies Nouvelles (EPA:EEN), said yesterday that it had inked two power purchase agreements (PPAs) for the output of photovoltaic (PV) systems with a total capacity of a 2.84 MW.
The electricity from the two installations, to be built in the Willamette Valley near Salem, Oregon, will be bought by Portland General Electric (NYSE:POR), under a 25-year agreement. The utility anticipates that the deals will support its strategy to meet Oregon's renewable energy standard (RES) to provide 25% renewable energy by the year 2025.
According to plans, enXco will develop, construct and own the 1.69 MW Bellevue and the 1.15 MW Yamhill solar projects, which will ultimately provide clean electricity for some 2,300 homes as of 2011. Both projects, which got the Yamhill County Planning Commission's nod earlier this month, will be operated and maintained by enXco Service Corp.
As a result of the newly added projects, PGE will have over 17 MW of solar capacity in its resource mix, moving closer to the state's PV generating capacity standard for investor-owned utilities to have at least 20 MW of large-scale solar projects online by 2020.