 |
|
| Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation |
|
Innergex Announces Full Commissioning Of Phoebe, Called Largest Solar Farm In Operation In Texas
November 20,2019 Innergex Renewable Energy Inc. (“Innergex” or the “Corporation”) announced the full commissioning of the 250 MWAC/315 MWDC Phoebe solar photovoltaic farm located in Winkler County, Texas. "Phoebe is currently the largest solar farm in operation in the State of Texas," the company said The total output from the Phoebe solar project will be sold to the ERCOT power grid and 89% of the energy produced will receive a fixed price under a 12-year power purchase agreement with Shell Energy North America. The remainder of the project’s output will receive a merchant market price. The solar farm is sited on approximately 3,500 acres of land and is comprised of 768,000 First Solar Series 6 thin film photovoltaic solar panels that will be operated by the panel manufacturer under a 5-year operation and maintenance contract.
Total construction costs should amount to approximately US$397.0 million (CAN$524.6 million). The
US$292.1 million (CAN$386.0 million) construction financing has been partially converted into a
US$111.6 million (CAN$147.5 million) 7-year term loan provided by a lender group led by CIT Group.
The remaining US$180.5 million (CAN$238.5 million) was repaid by a
US$184.6 million (CAN$244.6 million) tax equity investment by Wells Fargo, of which an initial
US$37.2 million (CAN$49.8 million) had already been invested in June 2019.
|
Advertise here: Email retailenergyx@gmail.com |
|
Events
Jobs
Contact
Migration Stats
Supplier Lists
Municipal Aggregation
About
Disclaimer
Privacy
Terms of Service
Home |
Developed by: Avidweb Technologies inc. |