8minutenergy and Capital Dynamics complete solar farm in California

10 December 2018 (Last Updated December 10th, 2018 10:03)

US-based independent solar and storage developer 8minutenergy Renewables and global private asset management firm Capital Dynamics have announced the completion and commercial operation of the 328MW Mount Signal 3 solar farm in California, US.

8minutenergy and Capital Dynamics complete solar farm in California
8minutenergy and Capital Dynamics celebrate the completion of the 328MW Mount Signal 3 Solar Farm. Credit: Business Wire.

US-based independent solar and storage developer 8minutenergy Renewables and global private asset management firm Capital Dynamics have announced the completion and commercial operation of the 328MW Mount Signal 3 solar farm in California, US.

The project is said to be the largest in the 800MW Mount Signal solar cluster, which is reported to be one of the largest photovoltaic (PV) projects in the world.

In 2017, Capital Dynamics’ Clean Energy Infrastructure (CEI) acquired the Mount Signal 3 solar farm in California and began construction works at the site earlier this year.

8minutenergy CEO and president Tom Buttgenbach said: “This is a big day for California and the entire solar industry. As the original developer of the Mount Signal solar cluster, 8minutenergy is incredibly proud to bring this phase of the largest solar plant in the state to completion.

“Mount Signal is a clear demonstration that solar is ready to power California’s 100% clean energy future ahead of schedule.

“The Imperial County Board of Supervisors, their staff, our dedicated partners, and the outstanding local workforce were all critical in ensuring that we beat our aggressive timeline in bringing Mount Signal 3 to completion.”

Mount Signal 1 and Mount Signal 3 solar farm clusters will have a combined generation capacity of 1.29 billion kilowatt hours (kWh) of clean and renewable power per annum for the residents of 15 Southern California counties.

“Mount Signal is a clear demonstration that solar is ready to power California’s 100% clean energy future ahead of schedule.”

The solar clusters are expected to reduce carbon emissions by more than 850,000 metric tons each year.

In 2014, Southern California Edison and 8minutenergy signed a long-term power purchase agreement (PPA) for Mount Signal 3’s energy.

For this project, Mortenson Construction firm served as the engineering, procurement, and construction (EPC) contractor.

Capital Dynamics’ Clean Energy Infrastructure team head John Breckenridge said: “Capital Dynamics is proud to have the development of Mount Signal 3 completed and now providing hundreds of millions of clean kilowatt hours to the grid.

“Large-scale solar delivers what California needs, massive amounts of clean energy, reliably, and at a low-cost. By completing such a massive PV project ahead of schedule, 8minutenergy has again proven its world-class development and construction management capabilities.”

In another development, 8minutenergy announced an ownership transition, where Tom Buttgenbach, who co-founded the company along with Martin Hermann in 2009, has agreed to acquire Martin Hermann’s stake in 8minutenergy by partnering with the 8minutenergy management team for an undisclosed price.