Rexford 1 Solar PV Park is a 400MW solar PV power project. It is planned in California, 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 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 400 | – | 400 | Permitting | California, the US | 8minute Solar Energy |
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Description
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The project is being developed and currently owned by 8minute Solar Energy.
Rexford 1 Solar PV Park is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 370,000 households, to offset 600,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $431.2m.
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 Clean Power Alliance under a power purchase agreement for a period of 15 years from 2023. The offtake capacity is expected to be 300MW.
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.
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.
