Competitive Power Ventures, Inc. (CPV) with corporate headquarters in Silver Spring, Maryland is developing an 800-megawatt power plant in Riverside County, California.
The CPV Sentinel Energy Center broke ground July 28, 2011 in the City of Desert Hot Springs. The natural gas-fired plant will be able to power an estimated 640,000 homes and will help mitigate power outages at high usage periods of the day.
The $900 Million plant is adjacent to a 600-megawatt wind farm and will help the State of California meet its goal of obtaining 33% of its power from renewable sources by 2020.
“We are incredibly proud of the jobs our project is creating at this pivotal time in the recovery of the economy,” remarked Doug Egan, CEO of Competitive Power Ventures. “So many people and organizations contributed to making this project a success; it was truly an amazing effort between the public and private sector.”
Competitive Power Ventures is an alternative energy company focused on pursing and developing sustainable power projects.