US developer sPower to buy 26.5 MW project from Solairedirect

By Editor


Utah-based renewable energy developer sPower is buying a 26.5 megawatt direct current project named Adera from the France-based solar company Solairedirect.

The transaction is among the first that the two companies have initiated as part of their growing collaboration to develop and own (or operate) solar photovoltaic projects in the US.

Adera is a utility scale project near Fresno in California, Madera County. It is to be designed and built by the US arm of Solairedirect and then owned and operated by sPower.

According to a statement, work on Adera will begin in the second quarter of this year. And the project is expected to be become operational this December.

When fully operational, the Adera facility will generate adequate clean energy to meet the needs of roughly 3,000 homes. It is also expected to reduce carbon emissions by more than 31,000 metric tons each year.

The project already has a 20-year power purchase agreement with Southern California Edison (SCE).

In the second half of 2014 sPower collaborated with UK-based solar developer Camborne Capital as part of the company’s efforts to expand base.

They then jointly acquired a 7-megawatt, direct current solar photovoltaic project from RGE Energy UK.

Ajith Kumar S

[email protected]

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