Norway-based Renewable Energy Corporation ASA (REC) and Summit Power Group of Seattle, WA have jointly established NorthLight Power, a project development company
NOV. 30, 2010 - Norway-based Renewable Energy Corporation ASA (REC) and Summit Power Group of Seattle, WA have jointly established NorthLight Power, a project development company focused on the development and realization of utility-scale solar PV projects in the Western US.
NorthLight Power expands on Summit Power's track record of developing more than 7,000 MW of electric power plants in the US, as well as REC's globally-recognized solar PV manufacturing expertise. REC is successfully ramping up one of the world's largest integrated solar production facilities in Singapore.
The NorthLight team has extensive experience in all aspects of utility-scale solar project development, and is pursuing projects across the Western US. NorthLight covers the full range of project development activities such as securing suitable sites, permitting, establishing PPA contracts, grid interconnection, EPC management, and arranging project financing. NorthLight has unique capabilities in developing tailored projects for both public and investor owned utilities at the lowest possible cost - in short, NorthLight is streamlining solar deployment while providing long term value to its partners and customers.
NorthLight Power recently has, through its affiliate North Star Solar, LLC, signed a 60 megawatt (ac) solar power purchase agreement (PPA) with Pacific Gas & Electric Company (PG&E). The North Star solar power plant will be constructed with high performance solar PV modules manufactured by REC, and is scheduled to be operational in 2013. Implementation of the project is subject to approval by the California Public Utilities Commission. The North Star installation is expected to provide enough daytime power to serve about 40,000 homes.
"Through NorthLight Power, we are pleased to have established a strong partnership with Summit Power Group, a company with an excellent track record of developing large, clean energy projects in the US," said Terje Pilskog, Senior Vice President of REC Systems, and Board of Director of NorthLight.
"Summit is delighted to be expanding its energy project portfolio in the U.S. through its new partnership with the world class solar company REC," said Dana Zentz, Vice President of Summit Power, and Managing Director of NorthLight. "NorthLight Power boasts an outstanding team of seasoned project developers who will help US utilities advance their efforts to bring additional utility-scale solar projects online."
REC is a leading vertically integrated player in the solar energy industry. REC is among the world\'s largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. REC is also engaged in project development activities in selected PV segments. Founded in Norway, REC is an international solar company, employing more than 4,100 people worldwide. REC had revenues in excess of NOK 9 billion in 2009. Please visit www.recgroup.com to learn more about REC.
Summit Power Group, Inc. excels in the innovative development of electric power projects. Led by experienced professionals with a deep knowledge of the energy industry in the United States and abroad, Summit Power Group, Inc. has an excellent track record of successfully leading the development of large, clean energy projects with over 7,000 megawatts of electric power plants in operation, and over 1,000 megawatts under development or under construction. Total Summit-led projects in service or under contract, including O&M agreements, represents over 9 billion US$ of investments. Please visit www.summitpower.com
For more information, visit www.northlightpower.com, or email PR@NorthLightPower.com.