Duke Energy Renewables completes acquisition of 150 MW solar PV project in US
Duke Energy Renewables, a subsidiary of Duke Energy, has announced that it has acquired the 150 megawatt North Rosamond solar project in Kern County, California from Clearway Energy Group.
The U.S. Bancorp Community Development Corporation, the tax credit division of U.S. Bank; M&T Bank’s Commercial Equipment Finance Group; and Guardian Life Insurance Company of America provided tax equity financing to the project.
The 150 MW project, which contains over 477,000 solar panels, is located on approximately 1,188 acres outside of Rosamond, California. Construction is nearly complete and the project is expected to achieve commercial operation in early May 2019. It will power approximately 71,000 homes.
The energy generated from the North Rosamond solar project will be sold to Southern California Edison under a 15-year agreement.
The facility’s design, procurement of PV modules, inverters, balance of plant systems and construction of the project is being performed by First Solar Electric California’s engineering, procurement and construction subsidiary under a fixed-price EPC agreement for the project.
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