CHICAGO, Illinois (December 8, 2014) – Today, Invenergy Clean Power LLC(“Invenergy”) announced the successful close of financing and the start of commercialoperation of its Desert Green Solar Farm (“Desert Green”) in Borrego Springs,California.
Desert Green is a 6.3 MW AC facility located in San Diego County, approximately 90miles northeast of the city of San Diego. Output is sold to San Diego Gas & Electric(“SDG&E”) under a long-term power sale agreement. Financing was provided by PNCEnergy Capital, LLC, a subsidiary of PNC Bank, N.A.
Invenergy originally acquired Desert Green from Soitec Solar Development, LLC. Thefacility features more than 3,500 Soitec concentrator photovoltaic (CPV) modules, whichwere manufactured at Soitec’s San Diego factory.
“Invenergy is pleased to have concluded this financing with PNC, and we look forwardto expanding our relationship with PNC to include future solar opportunities,” said JimMurphy, Invenergy’s Chief Financial Officer and Chief Operating Officer. “We’re alsodelighted to complete construction of our first power generation facility in California, andto have expanded our solar portfolio to include Soitec’s high-efficiency CPVtechnology.”
“Invenergy completing construction of its Desert Green Solar Farm and securing projectfinancing from a premier capital provider to the renewable energy industry demonstratesthe bankability of Soitec’s CPV technology,” said ndr - ac ues u erton- erv ,Soitec’s Chief Executive Officer.
Construction on Desert Green began in April of this year. Blattner Energy Inc. servedas the general contractor and Westwood Professional Services performed engineeringduties.
About Invenergy
Invenergy and its affiliated companies develop, own, and operate large-scale renewableand other clean energy generation and storage facilities in North America and Europe.Invenergy is committed to continued innovation in clean power solutions. Invenergy'shome office is located in Chicago and it has regional development offices in the UnitedStates, Canada, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 8,700 MW of projectsthat are in operation, in construction, or under contract, including 72 wind, solar, andnatural gas-fueled power generation projects and energy storage facilities. For moreinformation, please visit www.invenergyllc.com.
Contact: Alissa Krinsky, Director of Communications312-582-1554 or akrinsky@invenergyllc.com