Tenaska Solar Ventures buys Silverleaf photovoltaic solar project in Imperial Valley, Calif

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Tenaska Solar Ventures buys Silverleaf photovoltaic solar project in Imperial Valley, Calif

Greentech Lead America: Tenaska Solar Ventures (TSV), an
affiliate of Omaha-based Tenaska and an independent energy producer, has
acquired a major photovoltaic solar project from Agile Solar Holdings, an
affiliate of Agile Energy.

The Silverleaf photovoltaic solar project is a proposed
160-megawatt (MW) solar energy project under development in Southern
California.

The project, to be named Tenaska Silverleaf Solar Energy
Center, would be located on approximately 1,100 acres of agricultural land west
of El Centro, Calif., and east of Tenaska Imperial Solar Energy Center
West, a 150-MW solar generating facility also being developed by an affiliate
of TSV.

Agile Energy, of San Bruno, Calif., develops
utility-scale power generating projects. The company will provide development
services to TSV through the completion of project permitting. TSV will assume
responsibility for all other development aspects of the project, including
securing a power purchase agreement

 “Agile Energy’s vision of developing a major
solar generating station in the Imperial Valley will now be realized with the
backing of Tenaska,” said Glen Davis, CEO of Agile Energy.
“We’re excited to be working with one of the premier companies in our
industry to bring Silverleaf into operation.”

“This record and Agile Energy’s expertise create a
strong, innovative team that will build on Tenaska’s solar energy development
momentum,” said Steve Johnson, vice president, Development. “Together, we will
help California electricity providers meet the state’s renewables
portfolio standard.”

Rated as one of America’s top five utility-scale solar
developers by PV News, Tenaska recently obtained commercial financing for
and began construction of Tenaska Imperial Solar Energy Center South, a 130-MW
photovoltaic solar generating plant near El Centro. The plant is one of
the largest commercially financed solar projects in the U.S. to date.
Commercial operation is expected in the second half of 2013. TSV has completed
permitting for the Tenaska Imperial Solar Energy Center West. Commercial
financing and construction is expected in early 2013, with commercial operation
in 2015.

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