Komipo energises EDF-contracted solar park of 160 MW in Texas
Solar farm using Yingli panels. Author: greenXmoney. License: Creative Commons, Attribution-NoDerivs 2.0 Generic
Komipo America Inc, a US unit of South Korean electricity provider Korea Midland Power Co Ltd, has cut the ribbon on a 160-MW solar park in Texas that will be run under a power off-take deal with EDF Energy North America (EDFENA).
The Concho Valley photovoltaic (PV) farm in San Angelo City, Tom Green County, was initially powered up in October. The project is the second utility-scale solar asset in the state of Texas, the developer said on Monday.
The project has in place a power purchase agreement (PPA) with EDFENA that calls for the latter to get electricity, Renewable Energy Certificates (RECs) and related environmental attributes for 10 years. EDFENA will deliver the contracted power volumes to power natural gas processing infrastructure facilities on behalf of an industrial-end user in West Texas, to which it serves as a retail electricity provider (REP).
Financing for the Concho Valley project was extended by Norddeutsche Landesbank Girozentrale and Rabobank, while RBC Community Investments (RBC) arranged tax equity.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.