Gestamp Solar begins the construction of a photovoltaic solar plant in Fresno, California, USA

Date: 
07/Jun/2012
Category: 
Corporacion Gestamp, Gestamp Renewables, Gestamp Solar

(San Francisco, June 7th 2012) Gestamp Solar, the photovoltaic solar division of Gestamp Renewables, announced today that they will begin the construction of a photovoltaic solar plant in Fresno, California, USA.

The installation, named “la Joya del Sol,” will produced a total of 2MW of energy and is located in the County of Fresno, California, one of the best zones in the United States for solar radiation.

The project has secured a Power Purchase Agreement with the utility PG&E (Pacific Gas & Electric) for a duration of 20 years.  This is the first PV project within PG&E’s FiT (feed in tariff) program that will begin construction and one of the first solar projects in the County of Fresno between a private developer and a utility.

Jorge Barredo, CEO of Gestamp Solar, affirmed that: “the development of photovoltaic projects in the United States market is a priority, allowing for new opportunities in business and work for Gestamp Solar.” He added, “La Joya Del Sol reaffirms the globalization of our company.”

Electricity production from this project will decrease the emission of CO2 into the atmosphere by more than 1,400 tons each year and will generate the equivalent of the annual electric consumption of over 1,000 homes.

About Gestamp Solar

Gestamp Solarthe photovoltaic energy division of Gestamp Renewables, specializes in the development, construction, operation and maintenance of utility-scale photovoltaic plants in the United States, India, South Africa, Chile, Peru, Italy, France and Spain, and has developed constructed over 450 MWs Solar Energy projects to date.

  

About Gestamp Renewables-Corporación Gestamp

Corporación Gestamp (www.corporaciongestamp.com), parent of Gestamp Renewables, is a privately held, multinational leader in the steel components, automotive and renewable energy. Headquartered in Spain, Gestamp has more than 30,000 employees operating hundreds of industrial plants in 25 countries in Europe, America and Asia. In 2011 Gestamp Corporation had revenue of approximately $ 9 billion.

Gestamp Renewables (www.gestampren.com) is an integrated provider of solutions for renewable energy projects involving Biomass, Solar and Wind. The organization’s presence spreads across the renewable energy value chain and includes manufacturing, component supply, construction, maintenance, operation and project development. Gestamp’s renewable energy project pipeline currently includes 900 Mw of wind, 700 MW of solar and 250 MW of biomass.

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