National Solar Power to develop 200-MW solar project in Florida

Dec 1, 2011 - US utility-scale solar developer National Solar Power yesterday unveiled plans to set up a 200-MW solar power project worth USD 700 million (EUR 520m), in Hardee County, Florida.

The company said it had signed a developer agreement with the county, recently approved by the Hardee County Commission.

The project, which will include 10 solar farms of 20 MW capacity each, will be National Solar Power's second solar farm project. The first one is located in Florida's Gadsden County. National Solar Power said it was in talks over securing project funding. It has already struck a power purchase agreement with Progress Energy Florida for a portion of the project's output and is holding negotiations with other would-be customers.

After obtaining the required local and state permits, the developer expects to put the first phase of the Hardee County project on stream in six to seven months of the start of construction. Overall, the construction phase is expected to last five years. The solar farm will be designed, built and operated by Hensel Phelps Construction Co.

Furthermore, National Solar Power said it had created Green Infrastructure Partners LLC to help finance renewable power schemes such as the Hardee and Gadsden solar projects.

(USD 1 = EUR 0.743)

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