San Diego Business Journal

San Diego Gas & Electric Co. said May 18 that it signed two 25-year agreements with subsidiaries of Soitec Solar Development LLC, a French company engaged in renewable energy projects, for a total of 125 megawatts of solar energy for the San Diego area.

The latest agreements bring the total of megawatts of solar Soitec is promising to deliver to the area to 155, or enough to power more than 60,000 homes, the company said.

In addition to the planned solar farms that will be situated near existing SDG&E substations, Soitec is planning to build a solar panel manufacturing plant here that will have an annual capacity of 200 megawatts.

At full capacity, the plant is expected to generate up to 450 direct jobs and more than 1,000 indirect jobs, SDG&E said.

The plant location will be announced this summer, with completion estimated within 18 months of the construction start.

SDG&E, a unit of San Diego-based Sempra Energy, has been signing agreements with a variety of companies that produce energy from renewable sources, to meet a state requirement that energy companies derive a third of their power from renewable sources by 2020. As part of that goal, Sempra is building the Sunrise Powerlink, a massive transmission line to bring electricity produced from solar and wind generators in Imperial County to San Diego.

Sempra trades on the New York Stock Exchange under the symbol SRE.

— Mike Allen