Solar energy services company SunEdison Inc. bought the 156 MW DC Comanche Solar project from renewable energy developer Community Energy.
SunEdison is partnering with Community Energy to complete the final development stage of the project by structuring the financing and providing procurement expertise for the project, following which SunEdison will manage the construction, operation, and maintenance of the solar power plant.
Construction will begin in 2015 with commercial operation targeted for early 2016. The Comanche Solar project is one of the TerraForm Power call right projects, whereby TerraForm has the option (but not the obligation) to purchase the project from SunEdison once it achieves commercial operation.
Xcel Energy will purchase electricity generated from the solar photovoltaic (PV) power plant under a 25-year power purchase agreement with SunEdison at rates that are competitive with the long-term forecast for natural gas-fired generation.
The 900-acre solar power plant will be comprised of more than 400,000 SunEdison high efficiency mono-crystalline PV modules. Once operational, the solar power plant will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring and reporting services. Data collected from the ROC is used to continuously improve the company’s products, project designs and service offerings.