CIP Acquires 350 MW Solar Project in Texas; Shell to Purchase Power

• SPDI as well as Avondale Solar have actually finished the sale of the 350 MW air conditioning Fighting Jays Solar PV project in Texas to an affiliate of CIP.

Solar Plus Development Inc (SPDI), a subsidiary of Plus Renewable Technologies as well as Avondale Solar on July 22, 2020, finished the sale of the 350 MW air conditioning Fighting Jays Solar PV project in Fort Bend County, Texas that they have actually have been creating by means of their affiliate, AP Solar, to an associate of Copenhagen Infrastructure Partners (CIP).

On July 7, 2020, CIP, Fighting Jays Solar and Shell Energy North America (Shell) became part of a long-term bush contract under which Shell will certainly buy physical power from Fighting Jays Solar. Additionally, on July 23, 2020, CIP issued notification to continue to Centerpoint Energy to start building and construction of a substation to allow Fighting Jays Solar to interconnect into the ERCOT grid. Snapper Creek advised CIP on the structuring and also execution of the novel bush program with Shell.

The project is anticipated to begin in the 2nd half of 2020 and be operational by the summer season of 2022. As a result of its close closeness to the Houston city location, the Fighting Jays Solar project is anticipated to experience minimal curtailment and basis danger to the costs Houston Zone of ERCOT.

Talking in support of the Sellers, Trevor Nash, the CEO of AP Solar stated, "we are extremely happy to have actually completed our contract with Copenhagen Infrastructure Partners on the advancement and also sale of Fighting Jays Solar and also we anticipate collaborating with CIP on other projects in the future. When completely operational, Fighting Jays will be the largest eco-friendly facility providing tidy and also trustworthy power to the Houston Zone. Because of forecasted population growth, Houston Zone is expected to be by far the biggest load pocket in ERCOT over the next a number of years."

In February, we had actually reported that Greengate Power Corporation and CIP had entered into an arrangement with the intent to money the additional advancement and building of the Travers Solar project, which will be the biggest solar project (to date) in Canada when finished. Based on the achievement of specific staying milestones, the building and construction of the project is anticipated to begin in mid-2020, with complete industrial procedures targeted for the end of 2021.