New 3.75 MW Solar Project Partially Funded by EB-5 Investment Program to Support Local Job Creation
Adelanto, CA March 04, 2015
Clean Focus, a leading solar power developer, owner and operator, today announced the completion of a new 3.75 MW solar project in the City of Adelanto, CA. The ground-mounted system, interconnected in late January, received its certificate of occupancy yesterday.
"Clean Focus is very pleased to be bringing our latest solar project online," said Clean Focus CEO Stanley Chin. "We continue to demonstrate the value of repurposing sites for solar power installations. This industrial land was underutilized, not unlike many of the landfill sites where we own and operate solar. We strove to strike a balance between installing a significant capital project and preserving the natural beauty of the high desert. This solar project delivers a number of benefits to Adelanto, including hundreds of local jobs and clean, reliable electricity. Adelanto faces a higher than average unemployment rate, and through our Green Energy Regional Center we were able to utilize funds dedicated to investing for job creation in areas of high unemployment."
Construction financing was provided by Seminole Financial Services; Sol Construction led building efforts, and MPE Consulting served as lead engineer. "It was a pleasure to work with Clean Focus, MPE Consulting and our partners on this project," said Manuel Andrade, President of Sol Construction. "We're proud to have flexed our extensive construction expertise to build this magnificent 3.75 MW project."
The Adelanto project, sited on 20 acres in Adelanto, California, will generate 7,156,000 kW hours of clean electricity a year thus reducing CO2 emissions by 4,934 tons ó the equivalent of removing more than 1,040 passenger vehicles from the road. Clean Focus, which developed, financed, owns and operates the solar power system, worked with the City of Adelanto to develop this project. The project sells electricity to Southern California Edison under the California Renewable Energy Small Tariff (CREST) program.
About Clean Focus
Clean Focus Corporation (Clean Focus) develops, finances, owns, and operates commercial and small utility-scale solar power installations across the United States and selectively throughout the Americas. Clean Focus fosters strategic partnerships with early stage developers and EPCs to achieve project-specific goals. Clean Focus provides flexible financing (long-term PPAs or leases) to accommodate a wide range of sites and offtakers and to satisfy complex stakeholder relationships. Founded in 2008 and headquartered in Silicon Valley, Clean Focus delivers reliable, speedy, highly competitive financing solutions for solar power projects. http://www.cleanfocus.us
About Seminole Financial Services
Based in Belleair Bluffs, Florida, Seminole Financial Services (Seminole) originates debt and equity real estate investments throughout the country for institutional investors. Seminole has demonstrated the ability to respond to changing markets and, in addition to traditional commercial real estate, has become a national leader in providing construction/interim and permanent debt financing for below utility scale renewable energy projects. Since 2009, Seminole has closed over half a billion dollars in construction and permanent debt financing for solar and wind transactions. Seminole focuses on wind and solar transactions generally between $2 million and $30 million for a term of 12 months or less. More information is available at http://www.SeminoleFinancialServices.com.