Abengoa

Abengoa Yield celebrates grand opening of Mojave solar plant in California

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Source: Abengoa

  • Mojave Solar, with a gross capacity of 280 MW, reached commercial operation in early December 2014.
  • Construction of Mojave Solar has generated thousands of jobs in the United States

Abengoa Yield (NASDAQ: ABY), the sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors held today the grand opening of Mojave. The solar plant boasts a gross capacity of 280 MW and is located 90 miles northeast of Los Angeles, near Barstow, California.

Mojave Solar will provide clean energy able to serve approximately 91,000 households in California. The plant will prevent the emission of approximately 223,440 tons of CO2 into the atmosphere annually, reducing dependence on fossil fuel power plants. Mojave contributes to California’s goal of achieving 33 % of overall electricity production from renewable sources by 2020.

Mojave will supply clean electricity to Pacific Gas & Electric Company (“PG&E”) for the next 25 years thanks to the existing power purchase agreement.

The project has generated thousands of jobs, peaking at over 2,200 positions in the construction phase. Currently, it permanently employs about 70 people in operation and maintenance activities. Additionally, the direct and indirect job creation throughout its supply chain has been estimated at thousands of positions spanning throughout the US.

About Abengoa Yield

Abengoa Yield is a total return company that owns a diversified portfolio of contracted renewable energy, power generation and electric transmission assets in North America, South America and Europe. We focus on providing a predictable and growing quarterly dividend or yield to our shareholders (www.abengoayield.com).

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