San Jose, California based SunPower Corp. and Princeton, N.J. based NRG Solar, a subsidiary of NRG Energy Inc., announced their plans to build a 250 megawatt solar ranch in San Luis Obispo County. The huge photovoltaic ranch, creating over 350 jobs and powering 10,000 homes, will be one of the largest in the world. NRG Solar plans on investing 450 million dollars in equity into the project over the next 4 years subject to the projection of the cost of the project and the terms and conditions of financing.
The project will greatly help California achieve its 33% renewable energy goal.
Read the Story in PR Newswire.
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