Gravel Pit II Solar PV Park is a 50MW solar PV power project. It is planned in Connecticut, the US. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.
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Description
The project is being developed by North Light Energy and is currently owned by DE Shaw Renewable Investments with a stake of 100%.
Gravel Pit II Solar PV Park is a ground-mounted solar project which is planned over 568 acres.
The project is expected to supply enough clean energy to power 18,500 households.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.
Power purchase agreement
The power generated from the project will be sold to The Narragansett Electric under a power purchase agreement. The power will be sold at the rate of $0.053kWh for a period of 20 years. The capacity to be procured is 50MW.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
