Arizona Public Service's Investment in Solar PV Projects- A Strategic Investment for Expanding its Renewable Portfolio

Arizona Public Service’s Investment in Solar PV Projects- A Strategic Investment for Expanding its Renewable Portfolio

Summary

Arizona Public Service (APS) invested around $296m in Chino Valley and Hyder Solar PV Projects with a total installed capacity of 20 MW and 17 MW respectively in Arizona. The projects are a part of APS’s AZ Sun Program, according to which the company plans to develop 100 MW of utility owned photovoltaic power plants, where SunEdison would develop the project and APS would take ownership of these plants on completion The Hyder project is expected to come online by 2011, whereas the Chino Valley Project will begin operating in 2012.

The most important factor behind the investment in solar projects in Arizona is expected to be APS’s focus on the development of a clean energy portfolio

Scope

The scope of the report includes -

• The information related to the Solar PV Market in Arizona
• Comparable investments to the Arizona Public Service's Investment in the Solar PV market in The US in 2010
• Arizona Public Service's strategy of expansion of its renewable energy portfolio by investment in an emerging economy of US
• Portfolio of Arizona Public Service Company -One of the emerging companies in the US

Reasons to buy

The Deal Report attempts to focus on the Reasons for capitalizing on the solar PV market by various utilities in the US. It will allow the reader to:

• Understand the Solar PV Market in the US
• Develop an understanding about the emerging markets in the US where power utilities are investing in renewables
• Understand Arizona Public Service's investment of around $300m in Solar PV projects in US.