PG&E Enters into Purchase Agreement for 90MW of Power From Klondike Wind Farm

The Pacific Gas and Electric Company has entered into a long-term agreement with Klondike Wind Power III, a subsidiary of Spanish clean energy firm Iberdrola Renewables, to purchase 90MW of renewable wind energy from the Klondike wind facility in Sherman County, Oregon.

The project will generate approximately 260 million kWh of renewable energy annually. This would be equivalent to the amount of energy needed to serve approximately 38,000 residential homes on an annual basis. Deliveries are expected to begin in December 2008.

This is the second major wind project that the Pacific Gas and Electric Company (PG&E) has signed in 2008, bringing the utility’s total amount of renewable wind energy under contract or delivered to more than 1,250MW.

Fong Wan, vice president of energy procurement for PG&E, said: “Acquiring more clean wind power is a key part of PG&E’s commitment to providing our California customers with reliable, environmentally responsible energy.”