Wells Fargo completes financing for the development of the Great Valley Solar Complex

Wells Fargo Renewable Energy and Environmental Finance has completed the final $85 million in tax-equity funding for Sempra Renewables’ 200 MW solar generation facility near Fresno, California. The funding represents the last phase of more than $190 million in financing for four solar farms collectively known as the Sempra Great Valley Solar Project.

Sempra Renewables, a subsidiary of energy-holding company Sempra Energy, built and operates the Great Valley Solar Project, a 1,600-acre facility with 860,000 solar modules.

The 200 MW Great Valley Solar Complex, which began commercial operation in May, will produce and transmit enough renewable electricity to power approximately 90,000 homes.