Montalva Photovoltaic Solar Project is a 146MW solar PV power project. It is planned in Puerto Rico. 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 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 146 | – | 146 | Permitting | Puerto Rico | Greenbriar Capital |
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Description
The project is being developed and currently owned by Greenbriar Capital. The company has a stake of 100%.
Montalva Photovoltaic Solar Project is a ground-mounted solar project.
The project is expected to generate 240,000MWh of electricity. The project cost is expected to be around $157.388m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Puerto Rico Electric Power Authority under a power purchase agreement. The power will be sold at the rate of $0.15kWh for a period of 35 years. The capacity to be procured is 100MW.
Contractors Involved
China Machinery Engineering and Pacific Green Energy are expected to render EPC services for the solar PV power project.
About Greenbriar Capital
Greenbriar Capital Corp. is a developer of renewable energy and sustainable real estate projects. The company acquires, develops, manages and sells various real estate properties.
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.
