D.E. Shaw's 180-MW Utah solar projects will certainly support Facebook information centers
- D. E. Shaw Renewable Investments' (DESRI) 180-MWac Cove Mountain solar projects in Iron County, Utah have actually started industrial operation. Cove Mountain and also Cove Mountain 2 have long-term PPAs with PacifiCorp in support of Facebook, supplying its data center procedures with new solar resources. Swinerton Renewable Energy created the projects.
" The DESRI group is thrilled to begin industrial procedures at our Cove Mountain centers, which were finished through our strong collaborations with PacifiCorp, Facebook, and also First Solar," claimed David Zwillinger, CEO of DESRI. "These are the very first of DESRI's renewable energy projects in Utah to reach commercial procedure, standing for an important turning point in our goal to increase the production of tidy, cost-effective energy in Utah."
The purchase and construction of the Cove Mountain projects were funded by an organization of lenders, including HSBC, CIBC, National Bank of Canada, National Cooperative Solutions Corporation and also Fifth Third Bank. Wells Fargo offered tax obligation equity for the projects.
"We are proud to provide tax obligation equity funding to DESRI for the Cove Mountain projects. These big solar projects help speed up the nation's change to a low carbon economy while supplying jobs to the local area," stated Sam Buechner, a supervisor with Wells Fargo Renewable Energy & Environmental Finance.
Cove Mountain and Cove Mountain 2 represent two of DESRI's 9 projects that are currently operating, unfinished or have signed PPAs in Utah. DESRI's various other projects in Utah consist of Seeker Solar, which started running this year as well as Sigurd Solar, which reached mechanical completion in March.
