Pacific Gas & Electric terminates power purchase agreements with Solar Partners (NRG Energy, Google, Kelvin Energy)
Type: Other · Technology: Solar, Other · Country: United States · Capacity: 386 MW · Value: $1.6B · Announced: 2025-01-14
Pacific Gas & Electric agreed to terminate its long-term power purchase agreements with Solar Partners (owned by NRG Energy, Google and Kelvin Energy) for the 386 MW Ivanpah Solar Power Facility, allowing most generation to cease in January 2026 and enabling the U.S. Department of Energy to maximize loan recovery.
Counterparties
- U.S. Department of Energy (Investor)
- Solar Partners (NRG Energy, Inc.; Google LLC; Kelvin Energy) (Seller)
- Pacific Gas & Electric Company (Offtaker)
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