CIM Group closes debt and tax financing for 250 MW Aquamarine solar PV project
CIM Group has closed the debt and equity financing for its planned 250 MW solar photovoltaic project that is part of the 2.7 GW Westlands Solar Park in California.
The Aquamarine solar project is the first phase of the solar complex planned in San Joaquin Valley in western Fresno and Kings Counties. CIM Group secures financing from Deutsche Bank. It has also sealed a power purchase agreement (PPA) with the electric municipal utility of the City of Santa Clara, Silicon Valley Power. The deal covers the renewable energy credits (REC) of 75 MW from the solar plant. CIM Group has also executed a PPA with Valley Clean Energy Alliance for 50 MW of its capacity.
CIM Group is repurposing selenium-contaminated and drainage-impaired farmland for the development of clean energy in the solar complex. The Westlands Solar Park project has garnered strong support from environmental communities including the Sierra Club, NRDC, Defenders of Wildlife, and the Center for Biological Diversity.
Country updates
-
-
May 27, 2021
Ormat, Clean Power Alliance sign 15-year PPA for 42 MW Heber South Geothermal project in Imperial Valley
Ormat Technologies Inc. has signed a 15-year power purchase agreement (PPA) with the Clean Power Alliance (CPA). Under terms of the agreement, effective January 1, 2022, CPA will purchase 14 MW of cle...
Read more -
May 27, 2021
EDPR starts operation of 209 MW Onshore wind farm in USA
EDP Renewables (EDPR), through its subsidiary EDP Renewables North America LLC, has started commercial operation of the 209 MW "Reloj del Sol" wind farm. The wind farm has begun producing power in Zap...
Read more -
May 25, 2021
Clearway Energy Group completes financing on its Community Solar Fund 7
Clearway Energy Group has closed more than US$195 million of debt financing for its Community Solar Fund 7 – a diversified portfolio of 12 projects totaling 71 MWdc that will serve commercial an...
Read more -
May 25, 2021
Hecate commences construction of 600 MW solar projects in Texas and Ohio
Hecate Energy has commenced the construction on two solar projects totaling 600 megawatts, following the announcement that global energy company Repsol acquired a 40% interest in Chicago-based Hecate...
Read more -
May 25, 2021
Indiana issues RFP seeking energy infrastructure developers
Northern Indiana Public Service Company (NIPSCO) in Indiana, USA has launched three requests for proposal (RFP) seeking developers to establish energy production infrastructure using solar, wind, ...
Read more
