Sempra Plans Big Renewables Investment

By Published On: August 3, 2007

Sempra plans to invest in renewable energy projects on a big scale, company officials said August 2. “We can bring in [renewables] on a much larger scale,” said Don Felsinger, Sempra chief executive officer. “I’d look at this going forward as a need in the marketplace.” Before now, the company eschewed renewable power projects because it deemed them too small-scale to be worth the investment, according to sources. The first big project is a 250 MW wind facility planned for Baja California. Sempra subsidiary Sempra Generation announced a 20-year contract with Southern California Edison last month for the power from the proposed wind farm. However, Felsinger said that the caveat for its renewable energy investment hangs on that contract. He said he’s “assuming the contract with Edison goes forward.”

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