D. E. Shaw invests in 100 MW Hunter Solar project in Emery County
D. E. Shaw Renewable Investments (DESRI) has acquired the Hunter Solar project in Emery County, Utah from Community Energy. DESRI also closed on financing and a tax equity commitment for the project.
Hunter Solar is a 100 MW AC project that has a long-term PPA with PacifiCorp and will provide Facebook’s data center operations with renewable energy certificates from the new solar power.
Financing for the project was provided by a syndicate of lenders led by HSBC as Coordinating Lead Arranger and CIBC as Joint Lead Arranger, while Wells Fargo provided a commitment for tax equity financing. Swinerton Renewable Energy, a division of Swinerton Builders, will construct the project and provide operations and maintenance services following its commercial operations date.
The project has moved into construction. It is expected to employ over 300 people during construction and create significant tax revenue for Emery County over the project life.
Country updates
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June 03, 2020
DEPCOM launches construction of 113 MW Altavista Solar project in Campbell County
DEPCOM Power Inc., has begun construction on the Altavista Solar plant near Lynch Station, Virginia, USA. The 113 MWdc utility-scale solar plant will span across approximately 720 acres and is being...
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June 02, 2020
SB Energy to develop 40 MW Kamaole Solar project in Maui
SB Energy Corp., a Japanese wholly-owned subsidiary of SoftBank Group Corp., and SB Energy's wholly-owned subsidiary Pacific Green Ikehu LLC has planned to develop a 40 MW solar photovoltaic energy pr...
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June 02, 2020
Hawaii selects Longroad Energy to develop 160 MW of solar projects
Longroad Energy was selected by Hawaiian Electric Company (HECO) to begin developing two utility-scale solar and battery storage projects for completion in 2023. The proposed projects include the 120...
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June 02, 2020
Duke Energy plans 3 new solar power plants in Florida
Duke Energy Florida (DEF) has filed the locations of its three newest solar power plants, which will provide cleaner, smarter energy solutions to benefit customers in Florida, USA. The Duette Solar P...
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June 01, 2020
NextEnergy Capital signs PPAs for 45 MW of solar projects with Shell
NextEnergy Capital Ltd (NEC), through its Next Power III fund, has signed a power purchase agreement (PPA) with the Shell Energy North America for two solar projects in Virginia with a combi...
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