The owner of the Baltimore Gas & Electric Co. has acquired one of the Sacramento Municipal Utility District's solar farms.
Constellation Energy said Monday that it has purchased a 30-megawatt SMUD solar generation project now under construction in Elk Grove from Belectric Inc. of Germany.
The facility will generate enough electricity to light about 30,000 homes and will help SMUD meet a new state law requiring utilities to get a third of their energy from renewable sources by 2020.
Terms of the deal were not disclosed.
The project, which is composed of 381,000 thin film photovoltaic panels, is scheduled for completion by the end of the year.
Constellation said it will own and operate the solar panels and will sell the electricity to the local utility over 20 years.
Based in Baltimore, Constellation employs nearly 10,000 workers and generates about $14 billion in annual revenues.
In California, the company provides solar power for the University of San Francisco, General Motors Corp.'s Fontana warehouse and Kawneer/Alcoa's aluminum products manufacturing plant in Visalia.
The Constellation solar project is one of several planned by SMUD. San Francisco-based Recurrent Energy and MBL Energy of San Jose also are in the process of developing solar projects for the local utility.
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