Abengoa Yield (NASDAQ: ABY) said Dec. 2 that Mojave, a 280-MW (gross) solar-thermal plant located in California, declared commercial operation on Dec. 1.
The plant is located 100 miles northeast of Los Angeles. Mojave will supply clean electricity to Pacific Gas & Electric (PG&E) under a 25-year power purchase agreement.
Abengoa Yield also owns Solana, a solar plant located in Arizona, which has successfully completed its first year of commercial operation. With a six-hour thermal energy storage capacity, Solana supplies clean energy to Arizona Public Service (APS), Arizona’s largest utility, under a 30-year power purchase agreement.
Abengoa Yield is a total return company that owns a diversified portfolio of contracted renewable energy, power generation and electric transmission assets in North America, South America, and Europe. It has a continuing deal with Abengoa, a Spain-based company, to buy power plants with stable operations and power sales.