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PsomasFMG lands $20 million solar deal with O.C.

The Santa Ana firm will implement a system that could reduce energy costs by $5.3 million over 20 years.

By Kristen SchottPublished: February 23, 2011 02:33 PM

Rendering courtesy of Perma City
Santa Ana-based PsomasFMG is moving forward with plans to implement a new solar project in Orange County that could yield millions of dollars in savings and create 290 local jobs.

The Board of Supervisors recently approved a $20 million Power Purchase Agreement with PsomasFMG to design, engineer, construct, operate and run a solar-power system that will be installed at up to seven county facilities. The 4-megawatt installation will feature photovoltaic panels at carport structures and one ground-mounted system.

All told, the project is expected to reduce energy costs by $5.3 million over the next 20 years.

“Orange County’s Power Purchase Agreement with PsomasFMG represents a great partnership and big step forward in the County’s solar-power generation efforts,” said Supervisor Bill Campbell, who also serves as chairman of the board. “It also paves the way for the county becoming a national leader in clean renewable energy.”

PsomasFMG is a joint venture between Psomas Renewables and First Management that specializes in turnkey solar solutions. The company is currently developing $140 million worth of projects in nearly 50 locations. PsomasFMG's past work includes a $53 million, 9.6-megawatt solar installation for the Antelope Valley Union High School District.

The county is the latest government taking the "smart step" to reduce its environmental impact, said Paul Mikos, executive vice president of PsomasFMG.

“The installation of the 4-megawatt solar-power system is another smart move for the county as we work to reduce energy costs,” said James Campbell, manager of Land Development and Renewable Energy Initiatives for Orange County Public Works. “This project helps to meet the county’s goal of providing an infrastructure that can be replicated by local municipalities in this market.”

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