Ridgely Energy Farm Solar PV Park is a 177MW solar PV power project. It is planned in Tennessee, 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 | 177 | – | 177 | Permitting | Tennessee, the US | First Solar; Leeward Renewable Energy |
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Description
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The project is being developed by First Solar and Leeward Renewable Energy. The project is currently owned by Leeward Renewable Energy.
Ridgely Energy Farm Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $263.151m.
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 Tennessee Valley Authority under a power purchase agreement for a period of 20 years. The offtake capacity is expected to be 177MW.
About First Solar
First Solar Inc (First Solar) is a provider of solar photovoltaic (PV) systems. It designs, manufactures and sells PV solar modules. The company produces solar systems using cadmium telluride technology. First Solar also offers solar PV power systems, and operations and maintenance services to system owners; and energy storage solutions and algorithms to design and simulate the optimal dispatch of a system. The company serves utilities, commercial and industrial companies, independent power producers, and other system owners in Asia Pacific, Europe, the Middle East, Africa and North America. It has solar module manufacturing facilities in the US, Malaysia, Germany and Vietnam. First Solar is headquartered in Tempe, Arizona, 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.
