LA County Greenlights sPowers Project, Bringing More Clean Energy to SCE Rate Payers
SALT LAKE CITY--sPower, a leading renewable energy provider, today announced that it has broken ground on a 22.5MW solar project in Lancaster, Calif. The Sierra Solar project is sPowers first in Los Angeles County.
"sPower is pleased to help Los Angeles County meet its goal to become a leader in renewable energy in a cost-effective and environmentally-responsible manner," said Ryan Creamer, sPowers CEO. "The Sierra Solar approval process required significant time and effort from everyone involved. We appreciate LA Countys collaboration and expect to build on this first success going forward."
The EPC contract was awarded to Rosendin Electric, which will install more than 250,000 First Solar photovoltaic modules in a fixed ground mount array. The project is expected to begin commercial operation in September 2015.
When fully operational, the Sierra Solar facility will generate enough clean, renewable energy for more than 2,500 homes and is projected to reduce carbon emissions by an estimated 28,000 metric tons annually - the equivalent of CO2 emissions from 65,000 barrels of oil consumed each year1. The project has a 20-year PPA with Southern California Edison (SCE).
About sPower: Headquartered in Salt Lake City, with offices in San Francisco and New York City, sPower is a prominent independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the United States and the UK. With greater than a gigawatt between construction and pipeline, sPower is actively buying renewable assets in any stage of development in North America and the UK. sPower is a portfolio company of Fir Tree Partners, a leading global investment fund with more than 20 years of investing history and approximately $13 billion of capital under management. www.spower.com