Heathlands Solar PV Park I is a 41MW solar PV power project. It is planned in Michigan, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2022.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 41 | – | 41 | Permitting | Michigan, the US | Greenbacker Renewable Energy |
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Description
The project is being developed and currently owned by Greenbacker Renewable Energy. The company has a stake of 100%.
Heathlands Solar PV Park I is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 15,000 households. The project cost is expected to be around $32.34m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2022.
Power Purchase Agreement
The power generated from the project will be sold to Consumers Energy under a power purchase agreement for a period of 20 years.
About Greenbacker Renewable Energy
Greenbacker Renewable Energy Company LLC (Greenbacker Renewable Energy) is engaged in acquiring and managing various income-generating renewable energy and other energy-related businesses. It aims to offer attractive risk-adjusted returns for its investors by acquiring and financing the construction and operation of income-generating renewable energy and sustainable development projects. The company is headquartered in New York, the US.
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.
