Business & Real Estate

SMUD buys solar power from Fresno County facility

SMUD has signed a 20-year contract to buy power from a solar farm under construction in Fresno County.

The Sacramento Municipal Utility District is buying 60 megawatts of capacity, enough to power 15,000 homes, from a project being developed by Recurrent Energy. Recurrent is a subsidiary of Canadian Solar Inc. of Guelph, Ontario.

SMUD will pay $43.83 per megawatt-hour for the solar power, utility spokesman Christopher Capra said. The project is expected to begin supplying power to SMUD by early next year.

Dale Kasler: 916-321-1066, @dakasler