Salt River Project Solar PV Park is a 200MW solar PV power project. It is planned in Arizona, 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 December 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 200 | – | 200 | Permitting | Arizona, the US | Navajo Transitional Energy; Photosol US Renewable Energy |
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Description
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The project is being developed and currently owned by Navajo Transitional Energy and Photosol US Renewable Energy. The owners have 50% stake in the project respectively.
Salt River Project Solar PV Park is a ground-mounted solar project which is planned over 700 acres.
The project is expected to supply enough clean energy to power 30,000 households. The project cost is expected to be around $297.346m.
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 December 2023.
Power Purchase Agreement
The power generated from the project will be sold to Salt River Project under a power purchase agreement for a period of 25 years from 2023. The offtake capacity is expected to be 200MW.
About Navajo Transitional Energy
Navajo Transitional Energy Co LLC (Navajo Transitional Energy) owns and operates coal mines. Navajo Transitional Energy is headquartered in the USA.
About Photosol US Renewable Energy
Photosol US Renewable Energy LLC (Photosol US Renewable Energy) is the renewable energy developer which carries out the development, construction, and operation of large-scale renewable energy plants. It also develops and builds onshore and offshore wind and solar power plants. The company is headquartered in United States.
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.
