Researched by Industrial Info Resources (Sugar Land, Texas)--PG&E Corporation (NYSE:PCG) (Oakland, California) recently called for proposals to develop 176.5 megawatts (MW) of new, utility-based solar capacity for California. As part of the Green Tariff Shared Renewables (GTSR) Program established by the California Public Utilities Commission (CPUC), the initiative allows Californians to purchase either half or all of their electricity from a utility-scale solar project, instead of installing solar panels at their home or business.
Industrial Info is tracking more than $23 billion worth of active solar power-generation projects already in development across California, about $16.2 billion of which is attributed to grassroot projects. While the bulk of California's active and proposed solar projects are in the southern regions, which include hot areas like the Mojave Desert, PG&E's plan is set to bolster solar projects elsewhere in the Golden State. Projects underway include those from companies such as Energias de Portugal S.A., Canadian Solar (NASDAQ:CSIQ), NextEra Energy Incorporated (NYSE:NEE) and Golden State Clean Energy LLC.
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