Sempra Infrastructure Launches Cimarron Wind Project [Yahoo! Finance]
DBA Sempra (SRE)
Last dba sempra earnings: 2/27 06:55 am
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Source: Yahoo! Finance
positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex. The Cimarron wind project will total approximately 320 megawatts (MW) of wind capacity, and the project is fully contracted under a 20-year power purchase agreement to Silicon Valley Power for the long-term supply of renewable energy to the City of Santa Clara , California. The project has a fixed-price turbine supply agreement with Vestas for the supply and installation of 64 wind turbines and a similar fixed-price agreement with Elecnor for the construction of the balance of plant. The Cimarron project will utilize Sempra Infrastructure's existing cross-border, high-voltage transmission line interconnecting the ESJ wind complex directly into the California Independent System Operator system. Total capital expenditures for the project are estimated at $550 million , and the project is expected to commence
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