Cutlass Solar PV Park is a 350MW solar PV power project. It is planned in Texas, the US. The project is currently in financed stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2022.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 350 | – | 350 | Financed | Texas, the US | Advanced Power; ENEOS; Fuyo General Lease; Vesper Energy |
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Description
The project is being developed by Advanced Power, ENEOS, Fuyo General Lease and Vesper Energy. Advanced Power, ENEOS and Fuyo General Lease are currently owning the project.
Cutlass Solar PV Park is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 50,000 households. The project cost is expected to be around $450m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2022.
Contractors Involved
Bechtel is expected to render EPC services for the Cutlass Solar PV Park (Cutlass Solar PV Park 1).
About Advanced Power
Advanced Power AG (Advanced Power) is a power company that develops, owns and manages power generation and related infrastructure projects. The company develops over 15,000 MW of power generation projects. Its projects include T-Power, Carroll County Energy, Cricket Valley Energy Center, South Field Energy, Eemsmond Energie, Szeged Energia, Malzenice power station and Dils-Energie, among others. Advanced Power serves power, technology, construction and engineering, and trading companies. The company constructs and manages its projects in North America and Europe. It operates offices in the US, the UK and Slovakia. Advanced Power is headquartered in Zug City, Switzerland
About ENEOS
ENEOS Corp (ENEOS), formerly JX Nippon Oil & Energy Corp is a downstream refining company. It refines and markets petroleum and petrochemical products. The company’s products include petrochemicals, lubricants, optical films, greases, fluids, engine oils, composites, Panaferd-AX, Tow PREPREG, sheet pallet system, non-woven textile fabrics and TU cloth. Its services include importing and selling of gas and coal, supply of electricity, developing, manufacturing and marketing of fuel cells, solar power generation and manufacturing of storage batteries. ENEOS is a subsidiary of JX Holdings, Inc, and headquartered in Tokyo, Japan.
About Fuyo General Lease
Fuyo General Lease Co Ltd (Fuyo General) is a provider of leasing services. It offers leasing and instalment sales of IT equipment, office equipment, commercial equipment, service equipment, industrial machinery, machine tools, medical devices, construction machinery and civil engineering. The company also offers leasing of space, commercial facilities, production facilities and hospital facilities and leases transportation equipment of ships, aircraft and automobiles. It also provides solutions for consulting services, overseas expansion and energy services. It offers consultative services, commercial loans and various other financial services. The company offer its services through subsidiaries in China, Hong Kong, Ireland and the US. Fuyo General is headquartered in Chiyoda-ku, Tokyo, Japan.
About Vesper Energy
Vesper Energy Corp (Vesper Energy) Formerly known as Lendlease Energy Development LLC is an operator of utility-scale renewable energy and energy storage assets. The company is located in United States.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
