June 20 (Renewables Now) - Duke Energy Renewables said on Wednesday it has kicked off commercial operations at the 150-MW North Rosamond solar park in California’s Kern County.
The company, part of US utility Duke Energy (NYSE:DUK), acquired the particular project from a unit of Clearway Energy Group in April for an undisclosed sum. The complex is its sixth photovoltaic (PV) asset in Kern County and the largest one in its fleet, according to the statement.
The solar park uses over 477,000 PV panels, the output of which is expected to meet the demand of around 71,000 households. The electricity is being sold to utility Southern California Edison under a 15-year off-take deal.
First Solar Electric California was the engineering, procurement and construction (EPC) contractor and supplier of all PV modules, inverters and balance of plant systems. Tax equity financing was provided by US Bancorp Community Development Corp, M&T Bank's Commercial Equipment Finance Group and The Guardian Life Insurance Company of America. CIT's Power and Energy group led a group of lenders that provided debt for the project.