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November 29, 2021

Mount Signal Solar PV Park – 2, US

By Carmen

Mount Signal Solar PV Park – 2 is a 200MW solar PV power project. It is located in California, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 200 200 Active California, the US 8minute Solar Energy; New Energy Solar; Silver Ridge Power

Description

The project was developed by 8minute Solar Energy, New Energy Solar and Silver Ridge Power. The project is currently owned by New Energy Solar with a stake of 75%.

Mount Signal Solar PV Park – 2 is a ground-mounted solar project which is spread over an area of 1,300 acres.

The project generates 464,200MWh electricity and supplies enough clean energy to power 69,400 households, offsetting 247,000t of carbon dioxide emissions (CO2) a year. The project cost is $322.534m.

Development Status

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The project got commissioned in December 2019.

Power Purchase Agreement

The power generated from the project is sold to Southern California Edison under a power purchase agreement. The power is sold at the rate of $0.101kWh for a period of 20 years, starting from 2020. The contracted capacity is 153.52MW.

Contractors Involved

Swinerton Renewable Energy was selected to render EPC services for the solar PV power project.

First Solar was selected as the supplier of the PV modules for the project. The company installed 500,000 modules at the site.

The inverters were procured from Power Electronics Espana for the project.

The project is utilising single axis trackers supplied by NEXTracker.

First Solar Electric is the O&M contractor for the solar PV power project.

About 8minute Solar Energy

8minute Solar Energy LLC (8minutenergy) formerly known as 8minute Renewables LLC, is a solar energy company. The company develops, constructs, finances, holds, acquires, operates and maintains solar energy projects. The company’s service offerings include project development, structured financing, solar project acquisitions, complex project management, utility engineering, and electrical utility markets and regulation. The company projects include Mount Signal 3, Mount Signal 1, Springbok 2, Springbok 1, Hayworth, Redwood 4, Calipatria 1, Redcrest, and Woodmere. The company operates through its offices in the US, India and Singapore. 8minutenergy is headquartered in El Dorado Hills, California, the US.

About Silver Ridge Power

Silver Ridge Power, LLC, formerly AES Solar Energy Ltd (AES), is a solar energy company, based in the US. It develops, finances, constructs, owns, and operates utility-scale solar photovoltaic power plants. The company was formed as a joint venture between AES Corporation and Riverstone Holdings LLC. AES operates power plants that are connected to the power grids and supplies renewable energy for domestic use and also for big manufacturing and commercial usage. The company has projects in Italy, Bulgaria, France, Greece, and Spain. Its joint venture company provides capital investments in the midstream, exploration and production, oilfield services, power and renewable sectors of the energy industry. The company provides energy supply through its units in the UK, Spain, Italy, India, France, Greece, and Bulgaria. AES is headquartered in Arlington, Virginia, 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.

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