Stanford University 2 Solar PV Park is an 88MW 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 2023 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 | 88 | – | 88 | Permitting | California, the US | Recurrent Energy |
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Description
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The project is being developed and currently owned by Recurrent Energy.
Stanford University 2 Solar PV Park is a ground-mounted solar project which is planned over 400 acres.
The project is expected to supply enough clean energy to power 15,750 households. The project cost is expected to be around $94.864m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Stanford University under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 63MW.
About Recurrent Energy
Recurrent Energy LLC (Recurrent Energy) a subsidiary of Canadian Solar Inc, is a clean energy company that develops utility-scale solar and energy storage projects. The company specializes in the development and operation solar energy projects that generate electricity. It has solar projects in North America. Recurrent Energy’s projects include Rosamond 1, Rosamond 2, Victor Phelan, Gillespie, Sunningdale 1, Apollo, Mustang and Garland project, and among others. The company has operations in the US and Canada. Recurrent Energy is headquartered in San Francisco, 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.
