Sherco Solar PV Park is a 500MW solar PV power project. It is planned in Minnesota, the US. The project is currently in announced 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 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 500 | – | 500 | Announced | Minnesota, the US | National Grid Renewables; Xcel Energy |
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Description
The project is being developed by National Grid Renewables and Xcel Energy. The project is currently owned by Xcel Energy.
Sherco Solar PV Park is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 100,000 households. The project cost is expected to be around $575m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About National Grid Renewables
National Grid Renewables LLC (National Grid Renewables) formerly known as Geronimo Energy is engaged in the generation and sale of electricity. The company is involved in the development of solar and wind energy projects for commercial, industrial and utility-scale clients.National Grid Renewables has developed over 1,800 MW of renewable energy projects. The company has satellite offices located in southwest Minnesota, North Dakota, South Dakota, Illinois, New York and Michigan. Geronimo Energy is headquartered in Edina, Minnesota, the US.
About Xcel Energy
Xcel Energy Inc (Xcel Energy) is an energy holding company. Through its subsidiaries, it has the presence in the entire energy vertical, including generation, procurement, transmission, distribution and resale of electricity. The company produces electric energy using coal, nuclear, natural gas, wind, hydro, biomass and solar sources. Xcel Energy also transports, stores, distributes and resells natural gas. It procures natural gas from independent suppliers, based on market indices. Xcel Energy also provides home appliance repair, maintenance, and replacement services. The company serves residential, commercial and industrial customers in South Dakota, Michigan, Minnesota, Colorado, North Dakota, New Mexico, Texas and Wisconsin. Xcel Energy is headquartered in Minneapolis, Minnesota, 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.
