Longroad acquires 98-MW solar farm in California
- US renewables developer Longroad Energy Holdings LLC on Monday claimed it has obtained the 98-MW direct current (DC) Titan solar park in Imperial County, California from Sunpin Holdings LLC.
In commercial operation considering that December 2020, the setup is creating enough power for greater than 30,000 consumers in Southern California. It is situated in the Imperial Irrigation District (IID) region and also offers electrical energy into the California Independent System Driver (CAISO) through firm transmission from IID, Longroad, which is possessed by the NZ Super Fund, Infratil Ltd, MEAG as well as Longroad Energy Partners LLC, described.
The offer marks Longroad's very first purchase after the company safeguarded a USD-500-million (EUR 472m) equity financial investment in the summer to support its transition from a "establish to offer" company version to a method that focuses on asset possession.
"Titan is an eye-catching project as it enables Longroad to increase our impact in the vital CAISO market, while using a possibility to enhance value with our operations and also growth know-how," commented Charles Spiliotis, Longroad Energy's chief financial investment policeman.
Consisting Of Titan, Longroad has regarding 340 MW DC of operating solar assets in California.
Great Bay Renewables made a royalty financial investment in the Titan solar project simultaneous with the procurement closing.