Pre-Project Conditions
The limited affordable financing mechanisms for funding clean energy projects reduce the options that utilities have in regards to developing clean energy projects for their renewable energy portfolio requirements. Additionally, renewable energy projects create an opportunity to generate electricity without the same atmospheric emissions generated by fossil fuel fired plants or the use of scarce water resources for electricity production.
Project Objective
Reduce demands for traditional fossil-fuel based energy production through the installation of a solar photovoltaic energy generation facility, contributing to the displacement of harmful emission.
Project Scope
Construction and operation of a 23 MWAC fixed-tilt, polycrystalline silicon photovoltaic solar park, with its entire generation capacity interconnected to an existing substation (IID property), located adjacent to the solar park site. The electricity generated is being purchased by Imperial Irrigation District (IID), pursuant to 30 year long-term Power Purchase Agreement (PPA)
Project Financing
| Total Project Cost | Reserved | ||||
|---|---|---|---|---|---|
| NADBank Funding |
US 86.3M - NADBank Loan |
Project Photos
Results Measurement
Results are measured upon completion of the project through a closeout process that assesses project performance within 6-12 months after completion, as well as the achievement of the goals and objectives established at the time of project certification and financing approval.
|
Outcomes |
|
Reduce demands on traditional fossil-fuel based energy generation |
|
Displace harmful emissions (Annual metric tons ) |
|
Improved financial self-sustainability |
|
Indicators |
Actual |
|
Energy Capacity produced |
23 MWAC |
|
Generation First Year |
54.39 GWh |
|
CO2 Emissions avoided |
16,175 |
|
SO2 Emissions avoided |
2 |
|
NOx Emissions avoided |
22 |
|
Debt Service Coverage Ratio |
1.4 |
|
Outputs |
|
|
PV Modules with fixed tilt racking |
100,002 |
|
Inverters |
46 |
|
SCADA system |
1 |
|
Significant project contributions |
|
The Project represents a 1.25% of the expected 26.2% of retails sales from renewables of the IID RPS.This is the first BECC/NADB certification of a private solar energy project, and has been a reference in many ways. BECC has worked to improve the methodology used for emissions calculation |