Duke Energy Renewables completes acquisition of 150 MW North Rosamond solar project
The U.S. Bancorp Community Development Corporation, the tax credit division of U.S. Bank; M&T Bank’s Commercial Equipment Finance Group; and Guardian Life Insurance Company of America provided tax equity financing to the project.
The 150-MW project, which contains over 477,000 solar panels, is located on approximately 1,188 acres outside of Rosamond, Calif. Construction is nearly complete and the project is expected to achieve commercial operation in early May. The North Rosamond project will be the largest solar project in Duke Energy Renewables’ fleet. It will power approximately 71,000 homes.
The energy generated from the North Rosamond solar project will be sold to Southern California Edison under a 15-year agreement.
The project employed as many as 500 individuals during the peak construction period.
The facility’s design, procurement of PV modules, inverters, balance of plant systems and construction of the project is being performed by First Solar Electric California’s engineering, procurement and construction (EPC) subsidiary under a fixed-price EPC agreement for the project. ■