PG&E Corp. will make its first foray into wind power by partnering with Iberdrola Renewables on a 246 MW wind farm in California's Tehachapi region.
The total capital cost of the project will be just over $900 million, which includes payments to Iberdrola Renewables to develop and build the facility, along with other costs that PG&E will incur. PG&E will make progress payments as milestones are met.
The proposed site will be located on about 7,000 acres in the Tehachapi region of eastern Kern County, a site with favorable wind resources. If approved by the California Public Utilities Commission, the project could begin producing power by December 2011.