Loader
 

LS Power Initiates Development of Solar Energy Project Near Arlington Valley Plant

LS Power Initiates Development of Solar Energy Project Near Arlington Valley Plant

March 07, 2007

LS Power Group has initiated the development of a stand-alone solar power plant near its natural gas-fueled Arlington Valley Energy Facility, a 570 megawatt combined-cycle plant in Maricopa County, Arizona.

“We have begun serious evaluation of a major thermal solar project on the 3,500-acre parcel we own surrounding the Arlington Valley plant,” said Jason Hochberg, president of LS Power. “This large, flat, very sunny location has tremendous potential to produce clean, renewable energy.”

The development project is being undertaken by LSP Polaria (“Polaria”), an LS Power subsidiary focused on opportunities in “green” energy and the carbon capture and offset markets. When the pending business combination between LS Power and Dynegy closes, the project will be jointly owned by the two companies under the terms of a joint venture arrangement.

In addition to the stand-alone project, LS Power is studying the feasibility of building an innovative solar integration project at the same location. Thermal solar units would generate steam for use in the combined-cycle plant, possibly reducing fuel consumption and cutting emissions, including greenhouse gases. The integration project would be among the first ever built for commercial use.

“Our goal is to provide clean, efficient, wholesale energy to our customers. They distribute that power to consumers,” said Jim Pagano, the LS Power Executive Vice President who is leading Polaria. “Our customers choose the fuels we use based on a balance of concerns, including economics and the environment. Arlington Valley provides a perfect opportunity to further diversify the fuels we offer, and generate very clean energy at an affordable price.”

About LS Power:

LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which ~17,000 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 680 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $50 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.