Pacific Blue Energy Corp., a development stage renewable energy company, has inked an agreement to acquire 100 acres in Gila Bend, Ariz., as part of its larger plan to develop a new 150 megawatt solar farm. Additionally, the company is in discussions to purchase an additional 707 acres adjacent to the announced 100 acres.

In May the company announced a 20 megawatt Sunshine Solar Farm solar electric project currently in development with Siliken Renewable Energy on 154.3 acres Pacific Blue owns near Flagstaff, Ariz. The Gila Bend property was chosen for its close proximity to the Sunshine Solar Farm and to an electrical substation and 69 KB transmission line, as well as its exposure to annual sunlight.

“Part of our business plan is to continue to identify and purchase land that can be developed for solar farms,” Joel Franklin, Pacific Blue CEO stated in the press release. “Much like our first purchase near Flagstaff, the property in Gila Bend offers key features that will make it perfect for solar electrical power generation, and we anticipate being able to complete this transaction in short order.”

Blue Pacific expects to benefit from the Obama Administration’s $1.45 billion loan guarantee to the Solana Generating Station solar-power plant in Gila Bend, as well as from the local governments in support of renewable energy in the area, as the Gila Bend town council adopted a zoning ordinance for solar projects to encourage new developments.

The acquisition agreement is subject to closing conditions.

For more information visit www.pacificblueenergycorp.com