US-based solar technology manufacturer SunEdison has completed construction of the 24MW direct current (DC) Cascade solar power plant in California.
The power plant, which is located in the California Desert, is supplying electricity to San Diego Gas & Electric under a 20-year power purchase agreement (PPA).
The PPA was awarded under the California Renewable Auction Mechanism (RAM), which is designed to ensure ratepayers get energy at a low cost by using a reverse auction and standard contracts.
Built on a 150-acre tract of land, the new plant is equipped with more than 75,000 SunEdison Silvantis monocrystalline solar PV modules mounted to AP90 Single Axis trackers.
Silvantis modules are produced by using its polysilicon and wafers to increase reliability and performance, SunEdison said.
SunEdison Renewable Operation Center (ROC) will manage the plant by providing asset management, monitoring, field dispatch and reporting services.
Wells Fargo & Company provided tax equity financing required for the project.
SunEdison North America president Bob Powell said the new plant would enhance the company's solar energy business in California.
"We are fortunate to work with Wells Fargo, a committed finance partner, which shares our vision for increasing the availability of renewable energy. Their support is vital to completing projects like this one," Powell said.
SDG&E director of origination Dan Baerman said, "Through the RAM Program we were able to work with SunEdison and deliver renewable energy to our ratepayers at an economical price."
Image: The power plant, which is located in the California Desert, is built on a 150-acre land. Photo: courtesy of SunEdison.