Chicago-based Invenergy Clean Power LLC announced the successful close of financing and the start of commercial operation of its Desert Green Solar Farm in Borrego Springs.
Desert Green is a 6.3-megawatt AC facility located in San Diego County, approximately 90 miles northeast of the city of San Diego. Output is sold to San Diego Gas & Electric under a long-term power sale agreement. Financing was provided by PNC Energy Capital LLC, a subsidiary of PNC Bank N.A.
Invenergy originally acquired Desert Green from San Diego-based Soitec Solar Development LLC. The facility features more than 3,500 Soitec concentrator photovoltaic (CPV) modules, which were manufactured at Soitec's San Diego factory.
"Invenergy completing construction of its Desert Green Solar Farm and securing project financing from a premier capital provider to the renewable energy industry demonstrates the bankability of Soitec's CPV technology," said Andre-Jacques Auberton-Herve, Soitec's chief executive officer.
Construction on Desert Green began in April. Blattner Energy Inc. served as the general contractor and Westwood Professional Services performed engineering duties.