World's largest solar project underway in California
8minutenergy's 800-megawatt solar farm in the Imperial Valley, dubbed Mount Signal Solar, will be the largest solar project in the world when completed.
Construction has begun on a 266-megawatt solar farm being co-developed in Imperial County by Folsom, Calif.-based solar developer 8minutenery Renewables LLC. It represents the first of three phases of a planned 800-megawatt project, billed as the largest solar project in the world.
Work began earlier this month on 8minutenergy’s solar farm, dubbed Mount Signal Solar, after a last hurdle to construction — finalizing $636 million in financing — has been cleared, the company announced Monday.
Arlington, Va.-based AES Solar, 8minutenergy’s development partner, recently closed on the financing. AES Solar is a joint venture between the AES Corp. and Riverstone Holdings LLC. It was formed to develop, own and operate utility-scale solar power plants. AES Solar has 256 megawatts operating in the U.S., Italy, Spain, France, Bulgaria, India and Greece.
Mount Signal Solar is being built on 1,940 acres of low-productivity farmland and is expected to begin operating in early 2014. Once completed, Mount Signal will provide solar power to about 65,000 households under a 25-year power purchase agreement with San Diego Gas & Electric.
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