Main Street Power opens 5-MW solar power plant in Arizona
Dec 7, 2011 - US photovoltaics (PV) firm Main Street Power Company Inc yesterday put online a 5-MW solar power system at the Arizona Western College campus in the state of Arizona.
The system will produce enough energy to meet the electricity needs of the college. The installation is also expected to yield USD 62 million (EUR 46.1m) in cost savings and other revenues to the college under its 30-year power purchase agreement (PPA) with Main Street Power, the company and the college said in a joint statement yesterday.
The solar power facility brings together five PV technologies of 1 MW each, including concentrator PV systems, thin film panels, monocrystalline panels, polycrystalline panels and single-axis trackers, on a total area of 23 acres (9.3 ha). The project also includes demonstration systems of each technology for corporate and government use.
A project company managed by Main Street Power will own and operate the system, under its long-term financing programme with MS Solar Solutions Corp, a wholly-owned unit of Morgan Stanley (NYSE:MS).