08.22.17
First Solar, Inc. announced it has completed the sale of the 280 Megawatt (MW)AC California Flats Solar Project in Monterey County, CA to global private asset manager Capital Dynamics. Terms of the deal were not disclosed.
Located on approximately 2,900 acres of ranch land within the Jack Ranch owned by the Hearst Corporation near the San Luis Obispo and Monterey County borders, California Flats comprises two phases. The 130MW first phase is expected to be commissioned in the fourth quarter of 2017, and is fully contracted under a long-term Power Purchase Agreement (PPA).
The 150MW second phase, which is currently under construction, is expected to be commissioned by the end of 2018, and is fully contracted under a long-term PPA.
“Our Clean Energy Infrastructure (CEI) team now owns three of the 10 largest solar projects in North America and has over 3 GW of projects operating or under construction,” said John Breckenridge, head of Capital Dynamics Clean Energy Infrastructure.
By using renewable energy from the sun, the California Flats Solar Project will generate enough clean solar energy to serve the equivalent needs of about 100,000 average homes per year.
Located on approximately 2,900 acres of ranch land within the Jack Ranch owned by the Hearst Corporation near the San Luis Obispo and Monterey County borders, California Flats comprises two phases. The 130MW first phase is expected to be commissioned in the fourth quarter of 2017, and is fully contracted under a long-term Power Purchase Agreement (PPA).
The 150MW second phase, which is currently under construction, is expected to be commissioned by the end of 2018, and is fully contracted under a long-term PPA.
“Our Clean Energy Infrastructure (CEI) team now owns three of the 10 largest solar projects in North America and has over 3 GW of projects operating or under construction,” said John Breckenridge, head of Capital Dynamics Clean Energy Infrastructure.
By using renewable energy from the sun, the California Flats Solar Project will generate enough clean solar energy to serve the equivalent needs of about 100,000 average homes per year.
