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January 4, 2022

Storey Energy Center Solar PV Park, US

By Carmen

Storey Energy Center Solar PV Park is an 88MW 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 July 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 88 88 Permitting Arizona, the US NextEra Energy Resources

Description

The project is being developed and currently owned by NextEra Energy Resources.

Storey Energy Center Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $94.864m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by July 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.

About NextEra Energy Resources

NextEra Energy Resources LLC (NEER) is a subsidiary of NextEra Energy Capital Holdings Inc,is a diversified clean energy company and is one of the largest wholesale generators of electric power in the US. The company, together with its subsidiaries owns, develops, constructs, manages and operates electricity generating facilities in wholesale energy markets in the US, Canada, and Spain. The company generates electricity using different fuel sources such as natural gas and oil, wind, solar and nuclear. It offers electricity to utilities, retail electricity providers, power cooperatives, municipal electricity providers and industrial companies. The company also provides energy and capacity requirement services; conducts power and gas marketing and trading activities; participates in natural gas, natural gas liquids and oil production and pipeline infrastructure development; and owns a retail electricity provider. NEER is headquartered in Juno Beach, Florida, 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.

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