149-MW solar project planned in southern Michigan
- Ranger Power and Swinerton Renewable Energy are bringing the 149-MWAC River Fork Solar project to Sheridan as well as Parma towns in Michigan. D. E. Shaw Renewable Investments (DESRI) is funding the River Fork project.
" We are delighted to expand our clean energy portfolio in Michigan," said Bryan Martin, exec chairman of DESRI. "It was a satisfaction to deal with Ranger Power, Consumers Energy, DTE, Bank of America, and also our suite of lending institutions to recognize the objective of bringing extra green energy to the state."
River Fork has a 20-year power purchase agreement (PPA) for 100 MWAC with Consumers Energy and a 25-year (PPA) for 49 MWAC with DTE Energy (DTE). The center is anticipated to create enough clean energy to power around 30,000 residences annually.
" River Fork stands for a major financial investment in this neighborhood, producing tasks and also tax obligation profits to sustain important services like police as well as fire for Calhoun and also Jackson counties," said Paul Harris, founder as well as head of state of Ranger Power. "Solar projects like River Fork supply locals with clean, reliable renewable energy. We are proud to partner with all the stakeholders for River Fork as we proceed our community-first method to building solar across the state of Michigan."
Swinerton Renewable Energy will certainly act as the engineering, purchase, as well as building service provider and Ranger Power is establishing River Fork. SOLV will supply continuous operations and maintenance solutions to the center once functional.
