27 Jul '12, 5pm

GCL Solar Energy Unloads 92 MW of U.S. Pipeline for $266M: GCL Solar Energy, the industry-leading polysilicon

GCL Solar Energy Unloads 92 MW of U.S. Pipeline for $266M: GCL Solar Energy, the industry-leading polysilicon

GCL Solar Energy, the industry-leading polysilicon manufacturer's project development subsidiary, has sold 92 megawatts (DC) of its U.S. project pipeline to an undisclosed New York-based developer for $266 million, approximately $2.89 per watt. The two projects, the 26-megawatt Alpaugh North PV farm and the 66-megawatt Alpaugh 50 PV farm, are currently under development in Tulare County, California. Upon completion later this year, the energy generated will be sold to Pacific Gas & Electric (PG&E) under a 25-year Power Purchase Aggrement (PPA). Quanta Power Generation is constructing the single-axis tracking facilities; Emerson Electric is supplying the inverters. This is not the first time these projects have changed hands; the two farms were originally being developed by Solar Power Solutions (SPS), a special purpose entity of Samsung and ENCO. According to a March 2012 ...

Full article: http://www.greentechmedia.com/articles/read/GCL-Solar-Ene...

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