Silverado Power strikes three purchase agreements with SCE

Each project will generate 2 MW of clean power. The agreements will extend for 20 years

San Francisco, April 11, 2012 — Silverado Power signed new power purchase agreements with Southern California Edison for three solar energy projects in Victorville, California.

Each project will generate 2 MW of clean power. The agreements will extend for 20 years.

The development of these projects will contribute toward meeting California's renewable energy mandates. Utilities are required to procure 33 percent of their power from renewable resources by 2020.

Silverado Power is a developer of utility scale solar photovoltaic ground-mounted systems. The company has received support for its projects in Fresno, Los Angeles and San Bernardino counties from community groups, business organizations, workforce development interests, environmental advocates and educational institutions.

Its projects will help provide clean power for customers in SCE's territory, which reaches more than 14 million people within central, coastal and southern California.

Silverado Power's three new PPAs are for projects in Victorville that are currently going through the permitting process and environmental review procedures. The three projects are estimated to come online by the end of 2013 and will have a total generating capacity of 6 MW, which is enough electricity to power over 1,000 homes. The projects are estimated to create 40 construction jobs.

Silverado Power is based in San Francisco and has a large solar project portfolio. It is backed by the Martifer Group, a multinational energy and infrastructure company.

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