Pinnacle West Capital Corp
) primary subsidiary Arizona Public Service & Co announced
the conclusion of the first phase of the Foothills Solar Power
Plant in Yuma County, Ariz., bringing online 17 megawatt ("MW').
The remaining 18 MW is expected to come into operation by late
The Foothills project is a part of the company's ambitious AZ
Sun program. The 17 MW that came online was the first to be built
on Arizona State Trust Land. The plant's design and construction
was carried out by Atlanta based engineering and project
management company, AMEC.
The Foothills solar plant is situated on 400 acres of land and
has generating capacity to adequately provide electricity to
around 8,750 customers in Yuma County. In addition to Foothills
the company also plans to bring into operation the 14 MW Hyder II
Solar plant this year.
Recently, Pinnacle announced its intention to build a 32 MW
solar facility in the Gila Blend Township. The string of
renewable ventures is expected to bring Pinnacle West's
generation capacity to 700 MW in 2013. This will help serve power
to about 175,000 consumers in the state.
Pinnacle West's disciplined focus on the development of
renewable energy will drive its growth objectives. The rising
efforts of the U.S. government to promote clean and sustainable
energy in the future will bode well for the company's renewable
The hot desert climate of Arizona further encourages solar
production. The company's use of low-cost modules also keeps
project costs down, thereby retaining customer loyalty.
Pinnacle West currently holds a Zacks Rank #2 (Buy). Other
utility stocks doing well are Zacks Ranked #1 (Strong Buy)
Brookfield Infrastructure Partners L.P.
Pike Electric Corp.
Empresa Nacional Electricidad SA
Phoenix, Ariz.-based Pinnacle West along with its subsidiaries
offers retail and wholesale electric services.
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