Abengoa’s 280-Megawatt California Solar Plant Begins Operation

Dec. 2 (Bloomberg) — The 280-megawatt Mojave solar farm,
owned by Abengoa SA’s energy holding company, has begun
generating power for almost 90,000 homes in California.

Abengoa Yield Plc’s power plant, about 100 miles (161
kilometers) northeast of Los Angeles, will sell electricity
under a 25-year contract to Pacific Gas & Electric Co.,
according to a statement today. The solar farm is expected to
displace 350,000 tons of carbon dioxide a year.

Abengoa Yield, which includes among its nine assets a
solar-thermal plant in Arizona, raised $721 million in an
initial public offering in June. SunEdison Inc. and NRG Energy
Inc. have used a similar strategy to spin off assets into so-called yieldcos.

The investment structure allows project owners to pool
assets into publicly traded entities that pay dividends,
reducing capital costs and boosting cash.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Jim Efstathiou Jr., Carlos Caminada

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us