26 Nov '14, 11am

Algonquin to develop another 10MW of PV in California

Algonquin Power & Utilities Corp will build another 10MW in Kenn County, California. Image: Edison Power. North American utility company Algonquin Power & Utilities Corp (APUC) intends to tack on a 10MW solar project to its 20MW Bakersfield Solar I project in Kern County, California currently under construction. The 10MW Bakersfield II Solar project will be built on 64 acres of land adjacent to Bakersfield I Solar, which is nearing completion and expected to be operational in the first quarter of 2015. The 10MW project secured a 20-year power purchase agreement (PPA) back in September 2014 with an undisclosed major California-based electric utility. The project’s cost, approximately US$27 million, will be funded by a combination of senior debt, common equity, and contributions from tax equity investors. The latter will account for 40% of the capital costs, Algonquin said. ...

Full article: http://www.pv-tech.org/news/apuc_will_develop_another_10m...

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