San Diego Business Journal

San Diego Gas & Electric Signs Five Renewable Power Purchase Agreements

Thursday, April 18, 2013

San Diego Gas & Electric has signed five new renewable power purchase agreements, two of which are in San Diego County.

The other three deals will supply power to Kern and Riverside counties.

The company signed 13 renewable contracts in 2012 and 23 in 2011. It said these contracts put SDG&E in a position to maintain California’s 20 percent renewable portfolio requirements in the 2011 to 2013 timeframe, and will achieve 25 percent of its power from renewable sources by 2016.

SDG&E said it is on track to meet or exceed the state’s mandate that 33 percent of its retail sales be produced from renewable energy projects by 2020.

“After starting with less than one-percent renewable energy in 2002, SDG&E put an aggressive course of action in place to obtain competitively priced renewable power for our customers to meet California’s renewable requirements,” James Avery, SDG&E senior vice president of power supply said in a statement. “This has resulted in a well-balanced renewable portfolio that encompasses a broad spectrum of energy sources including solar, wind, biomass, biogas and geothermal energy.”

— SDBJ Staff Report