California to Import Power From New Mexico Wind Farm by 2020
(Bloomberg) -- Power from a New Mexico wind farm will help supply four California counties beginning in 2020 under two 15-year power-purchase agreements that will contribute to the state's clean-energy goals.
Pattern Energy Group 2 LP will deliver power from the 200-megawatt Duran Mesa Wind project being built near Corona, New Mexico, to Santa Clara, Monterey, San Benito and Santa Cruz counties, according to a statement Tuesday. The contracts are for 110 megawatts to Silicon Valley Clean Energy and 90 megawatts to Monterey Bay Community Power. Some of the power will be shipped via the a 520-mile (840-kilometer) SunZia Southwest Transmission line that SouthWestern Power Group is constructing in New Mexico and Arizona.
California is on track to reach its target of getting 50 percent of its electricity from renewable sources by 2020, a decade ahead of schedule.
To contact the reporter on this story: Brianna Jackson in New York at bjackson125@bloomberg.net
To contact the editors responsible for this story: Joe Ryan at jryan173@bloomberg.net, Margot Habiby, Will Wade
©2018 Bloomberg L.P.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
