Sunpin secures financial support from Morgan Stanley for Titan Solar 1 project in California
Renewable energy project developer Sunpin Solar has signed an 8-year hedge fund agreement with Morgan Stanley Capital Group for the development of the 70 MW/98 MWp Titan Solar 1 solar photovoltaic farm in Imperial County in California, USA.
Sunpin Solar has also named Exelon Generation Company LLC’s Constellation NewEnergy as the power purchaser of the solar farm. The 12-year power purchase agreement was signed last October 2020.
The solar farm will be built on 569 acres (230.3 hectares) between the Salton Sea and Anza Borrego Desert State Park in California’s Imperial County. Titan Solar 1 Project is comprised of over 260,000 panels and generates over 218,000 MWh of renewable energy each year, which is enough to power over 26,900 homes annually.
Country updates
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February 24, 2021
Energy Transfer enters deal with Enable Midstream for US$7bn all-equity sale
Energy Transfer LP and Enable Midstream Partners, LP have entered into a definitive merger agreement whereby Energy Transfer will acquire Enable in an all-equity transaction valued at approximately US...
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February 24, 2021
Longroad Energy, First Solar enter deal for 900 MWdc solar portfolio in Arizona
Longroad Energy Holdings (Longroad), a US-based renewable energy developer, owner, and operator has signed the acquisition deal of Sun Streams 2, 4, and 5, which total approximately 900 MWdc in...
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February 19, 2021
Equinor divests its US onshore assets in the Bakken
Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around US$...
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February 19, 2021
Macquarie raises EUR1.6 billion for Renewable Energy Fund
Macquarie Infrastructure and Real Assets (MIRA) has raised more than EUR1.6 billion (USD1.93 billion) for investment in renewable energy with the final close of Macquarie Green Investment Group Renewa...
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February 18, 2021
Borrego won a contract to develop 110 MW Rutland Center Solar 1 project in Jefferson
Borrego, a leading developer, EPC, and O&M provider for large-scale renewable energy projects throughout the United States, has been selected to develop a 110 MW-AC utility-scale solar project as...
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