8minutenergy Renewables and Gestamp Sola

December 18 [Tue], 2012, 8:50
Leading Solar Developer Signs Second PPA in the Last Ten MonthsFolsom, CA (PRWEB) December 17, 2012

, LLC andtoday announced the signing of a 20-year contract to sell approximately 20 megawatts-ac of clean, renewable solar energy from their Calipatria Solar Farm project in Imperial Valley, Calif., to San Diego Gas & Electric (SDG&E).The transaction was conducted with 70SM1 8ME, LLC, a subsidiary of 8minutenergy Renewables, which is a leading independent solar PV developer based in Folsom, Calif., and Gestamp Solar, a top five global solar developer.The two companies have a joint development agreement to develop and build the Calipatria Solar Farm project.

The Calipatria Solar Farm project is a utility-scale solar generation facility sited on 160 acres of low-productivity farmland.Construction is projected to begin in late 2014, with the delivery of renewable energy to SDG&E expected by early 2015.This clean solar generation plant will displace the equivalent of approximately 54,000 metric tons of carbon dioxide (CO2) per year, which is equal to the amount that roughly 2.2 million trees would displace annually.

The Calipatria Solar Farm committed to contracting 50-percent of the project costs to diverse-owned businesses.The California Public Utilities Commission (PUC) recently mandated that utilities must report on diverse business enterprise (DBE) spending in electric procurement.

SDG&E has made a concerted effort to increase the number of diverse-owned suppliers we do business with in electric procurement resulting in our making significant strides this past year, said Matt Burkhart, SDG&Es vice president of electric and fuel procurement.We are glad to see 8minutenergy helping to expand DBE participation in our procurement portfolio as we meet our retail customers needs."

Gestamp Solar is happy that our project has received a PPA with SDG&E, stated Jorge Barredo, CEO of Gestamp Solar.We look forward to leading the next stages in the development of the Calipatria Solar Farm and to transmitting power soon.

The solar farm's annual production of approximately 48 million kilowatt hours (kWhs) of electricity will produce enough renewable solar energy to serve 9,000 households in SDG&Es service territory, said Martin Hermann, chief executive officer of 8minutenergy Renewables.This is the second PPA in the last ten months that we've secured, for a total capacity of close to 300MW-dc.This confirms the validity of our project development approach.

The Calipatria project will create approximately 50 direct jobs and more than 100 indirect jobs in the area during the construction period, said Tom Buttgenbach, president of 8minutenergy Renewables.We would like to thank SDG&E for their continued commitment to the Imperial Valley region, which has an unemployment rate among the highest in the country.We also appreciate the support of the Imperial County Board of Supervisors, the IID and the Imperial County planning department, which have all been instrumental in helping this solar project progress.This project will produce renewable energy that will contribute to SDG&Es goal of helping the state meet its 33 percent RPS mandate.

The Calipatria Solar Farm is located in Calipatria in the Imperial Valley.The facility's renewable solar energy will be delivered into the CAISO system and SDG&E's territory via the Sunrise Powerlink.The solar power system for the Calipatria Solar Farm will be comprised of state-of-the-art solar photovoltaic modules, related power electronics, and other components including an advanced tracking system that follows the sun to maximize energy production.The PPA contract is pending approval from the California Public Utilities Commission.

8minutenergy is focused on DG and large-scale projects, and has over 2,000 MW of solar PV power under development in the U.S. on 15,000 acres of private, disturbed land.All 8minutenergy solar projects are considered in-state resources and are located on disturbed, low-value farm land.8minutenergy strives to ensure that its solar power projects provide low cost, clean renewable energy from the sun with low environmental impacts, particularly when compared with public lands projects on pristine desert wildlands.

About Gestamp Solar

Gestamp Solar is part of Gestamp Renewables, a division of Gestamp Corporation, and an industrial group that operates and supplies components within the renewable energy sector. Gestamp Solar specializes in the development, construction, operation and maintenance of utility scale photovoltaic plants in the United States, India, South Africa, Peru, Chile, Thailand, China, Japan, Italy, France and Spain, and has developed constructed over 500 MWs Solar Energy projects to date.

About Gestamp Renewables Corporacion Gestamp

Corporacin Gestamp ( parent of Gestamp Renewables, is a privately held, multinational leader in the steel components, automotive and renewable energy. Headquartered in Spain, Gestamp has over 35,000 employees operating in 130 industrial plants of over 25 countries in Europe, America and Asia. In 2011 Gestamp Corporation had revenue of approximately $10 billion.

Gestamp Renewables () is an integrated provider of solutions for renewable energy projects involving Biomass, Solar and Wind. The organizations presence spreads across the renewable energy value chain and includes manufacturing, component supply, promotion, construction, maintenance, operation and project development. Gestamp Renewables integrates three lines of Corporacion Gestamp activity in the renewable energy sector: Gestamp Solar, Gestamp Wind and Gestamp Biomass. The company is currently present in Europe, LATAM, Brazil, India, Turkey, South Africa, United States, China and Japan.

About 8minutenergy Renewables, LLC

8minutenergy is a California-based company that is passionate about helping California develop its renewable energy industry and is developing more than 2,000 MW of solar PV projects all located on private, disturbed and low-value farm land within California.8minutenergys development team is the largest focused on solar PV in California and the United States. In concert with our partners, 8minutenergy delivers complete solar power plant solutions, including all aspects of development, financing, engineering, construction, operation and maintenance. 8minutenergy's proprietary transmission, land and economic analysis process and tools helps select optimal power plant sites for accelerated permitting with counties and utilities. 8minutenergy has offices in Folsom, Los Angeles, San Francisco, San Diego and El Centro, California. For more information, please call (916) 608-9060, send email to info(at)8minutenergy(dot)com or visit .

About SDG&E

SDG&E is a regulated public utility that provides safe and reliable energy service to 3.4 million consumers through 1.4 million electric meters and more than 850,000 natural gas meters in San Diego and southern Orange counties.The utilitys area spans 4,100 square miles.SDG&E is committed to creating ways to help customers save energy and money every day. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.

Media Contacts:

San Diego Gas & Electric

Jennifer Ramp

(877) 866-2066

jramp(at)semprautilities(dot)com

8minutenergy Renewables

Kevin Butler

(415) 990-1545

kbutler(at)8minutenergy(dot)com

Gestamp Solar

Pablo Otin

(415) 713-1226

pablo(dot)otin(at)gestampren(dot)com

Kent Streeb8minutenergy Renewables530.908.9225



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