Davis-Monthan Air Force Base celebrates completion of
· NADB is providing a loan for up to US$35 million for its construction
Tucson, AZ. – Davis-Monthan Air Force Base (DMAFB), SunEdison LLC, Tucson Electric Power Company (TEP) and the North American Development Bank (NADB) celebrated a ribbon-cutting ceremony this morning for the completion of the 16-megawatt (DC) solar park located at the base, southeast of the city of Tucson, Arizona.
The electricity produced by the plant will be purchased by DMAFB under a 25-year Power Purchase Agreement, and TEP will acquire the Renewable Energy Credits (RECs) generated by the plant pursuant to a 20-year Master REC Agreement, aiding TEP in its compliance with Arizona’s Renewable Energy Standard.
The project, constructed pursuant to an engineering, procurement and construction (EPC) contract provided by SunEdison, consists of the installation of 57,000 MEMC Silvantis™ solar modules mounted on single-axis trackers that will automatically follow the path of the sun during the day. The project will interconnect to DMAFB onsite and is expected to generate sufficient energy to cover about 35% of DMAFB’s electrical use for 25 years.
“NADB is proud to have contributed to the financing of this project that is helping increase the installed renewable energy capacity in the region,” stated NADB Deputy Managing Director, Alex Hinojosa. “We congratulate Davis Monthan Air Force Base for its decision to adopt the use of renewable energy to cover part of its electricity needs.”
Estimated emission improvements include the avoidance of almost 17,000 metric tons of carbon dioxide, 11 metric tons of nitrogen oxides and 17 metric tons of sulfur dioxide per year. The project is expected to generate electricity equivalent to the annual consumption of approximately 2,100 households.
The project was certified by the Border Environment Cooperation Commission (BECC) in November 2012.
The North American Development Bank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank works to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States.