The Regulus solar facility developed by SunEdison has commenced operation in the Kern County of California.
Regulus consists of almost 250,000 Silvantis solar PV panels supplied by SunEdison.
Soon after the completion, TerraForm Power acquired this 81.6 MW facility from its call right list with SunEdison.
The total expenditure of the project is not disclosed by the authorities.
Considered as one of the SunEdison’s largest utility scale solar power plants in California, the plant is expected to generate nearly $184 million in revenue during the first 20 years of operation.
In addition, SunEdison will be responsible for the operation and maintenance of the solar power plants, providing 24/7 asset management, monitoring and reporting services.
According to company sources, the Regulus plant is an important contributor to the RPS goals of California.
Two weeks ago, SunEdison and AT&T have jointly completed a 677 kW of roof-top solar project in Lancaster, Texas.
Sun Edison supplied approximately 2,000 solar panels for the largest AT&T solar project, located on the rooftop of its Lancaster distribution facility.
As part of its global renewable energy expansion program, SunEdison committed to build more than 15,200 MW of solar energy capacity for India by 2022.
The companies’ India plans were announced at the first Renewable Energy Global Investors Meet and Expo (Re-Invest) held in India from Feb 15-17 to attract large scale investments for solar and wind power generation in the country.
Last month, SunEdison and TerraForm Power have jointly taken over the renewable energy firm First Wind, enabling SunEdison to become the largest renewable energy developer in the world.
During the transaction, TerraForm Power purchased 500 MW of operating wind power plants and 21 MW of operating solar power plants from First Wind.
Recently California saw completion of another large-scale 550 MW Desert Sunlight Solar Farm, co-owned by NextEra Energy Resources, GE Energy Financial Services, and Sumitomo Corporation of America.
It is estimated that by 2018, California will be installing more than 2.5 GW of residential and commercial solar systems with zero state incentives.
Sabeena Wahid
editor@greentechlead.com