The transaction was conducted with 82LV 8ME, a subsidiary of 8minutenergy.

8minutenergy has a joint development agreement with AES Solar to develop and build the Mount Signal Solar project in Imperial Valley.

The utility-scale solar generation facility is located on 1,940 of low-productivity farmland in the Imperial Valley.

The project is expected to take 18 months for construction, and is slated to begin delivery of renewable energy to SDG&E in mid-2013.

Annually, about 500 million kWh of electricity will be generated by the project, and is enough renewable solar energy to serve 72,000 households in SDG&E’s service territory.

The solar project will connect with SDG&E’s Imperial Valley substation, and its renewable solar energy will be transmitted over the utility’s Sunrise Powerlink transmission line, currently under construction and slated for completion in 2012.

The utility-scale solar power system for Mount Signal Solar project is comprised of solar photovoltaic modules, related power electronics, and other components including an advanced tracking system that follows the sun to maximize energy production.

The power purchase agreement (PPA) is pending approval from the California Public Utilities Commission.