Intersect Power to build 1.7GW solar portfolio in 2020

26 September 2019 (Last Updated September 26th, 2019 11:53)

US-based renewable energy projects developer Intersect Power has unveiled plans to develop a large portfolio of solar power plants with a combined capacity of more than 1.7GWDC.

US-based renewable energy projects developer Intersect Power has unveiled plans to develop a large portfolio of solar power plants with a combined capacity of more than 1.7GW.

The portfolio will include five shovel-ready solar projects, which will be located in California and Texas.

Intersect Power co-founder and CEO Sheldon Kimber said: “Over the past two years our team of roughly 20 people, with relatively little risk capital, has gone from a flat start to over 1.7GW of fully developed, contracted, shovel-ready projects.

“The fact that this is the second round of such success for this team, having achieved similar results in prior companies, makes it clear that deep expertise and experience are the keys to consistent success in renewable development.”

Out of the five projects, three will be developed in Texas. Juno, a 425MW project is scheduled to begin construction in February 2020, while Titan, a 375MW project will be built in Culberson County and construction works are expected to commence in March 2020.

Aragorn will have an installed capacity of 250MW will be built at Culberson Country, with construction works expected to begin in June 2020.

The solar power plants that will be developed in California are Athos I and Athos II, both of them will be developed in Riverside County in June and October 2020 respectively.

Intersect Power contracted local utilities and wholesale energy buyers on a series of power purchase agreements (PPAs) or renewable energy credit hedges. The company also obtained land and material permits for developing these projects.

First Solar will supply more than 3.7 million thin-film photovoltaic (PV) modules for these projects, while NEXTracker has agreed to deliver its NX Horizon solar trackers equipped with TrueCapture intelligent control software.

Signal Energy will be responsible for engineering, procurement and construction (EPC) activities.

Once completed, the solar farm portfolio is expected to offset about 2.75 million tonnes of carbon emissions per year.