Cana­dian So­lar sub­sidiary com­pletes 200 MW project

Power Watch India - - DESPATCHES FINANCE -

Cana­dian So­lar, one of the world’s largest so­lar power com­pa­nies, an­nounced the com­mer­cial op­er­a­tion of the 200 MWac/258 MWp Tran­quil­lity so­lar power project in Cal­i­for­nia. The Tran­quil­lity project was de­vel­oped by Cana­dian So­lar’s wholly-owned sub­sidiary Re­cur­rent En­ergy and is ma­jor­ity-owned by South­ern Com­pany sub­sidiary South­ern Power. Elec­tric­ity and the as­so­ci­ated re­new­able en­ergy cred­its (RECs) pro­duced by the Tran­quil­lity so­lar fa­cil­ity will be sold un­der long-term power pur­chase agree­ments to off­tak­ers in­clud­ing South­ern Cal­i­for­nia Edi­son (SCE). In Au­gust 2015, South­ern Power signed an agree­ment to ac­quire a 51 per cent con­trol­ling in­ter­est in the Tran­quil­lity so­lar power project. Cana­dian So­lar re­tains 49 per cent own­er­ship of the fa­cil­ity. The Tran­quil­lity fa­cil­ity, which is ex­pected to gen­er­ate enough elec­tric­ity to power ap­prox­i­mately 50,000 homes, is sited on 1,900 acres of re­tired agri­cul­tural land in Fresno County.

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