An aerial picture of GSPP’s 26 MW DC addition to the Westlands Solar Park
— Jason Kuflik, Chief Government Officer
STAMFORD, CT, UNITED STATES, October 6, 2023 /EINPresswire.com/ — Green Street Power Partners, LLC (“GSPP”), a nationwide developer, financier, proprietor and operator of photo voltaic vitality methods, at this time held a ribbon-cutting ceremony to have a good time the completion of its 26-megawatt (“MW”) direct present (“DC”) Westlands Almond photo voltaic mission in Kings County, California. This utility-scale photo voltaic set up marks GSPP’s largest photo voltaic array up to now. Project completion was made doable in half by GSPP’s companions on the Westlands Solar Park mission. The mission was developed by Golden State Clear Vitality, whereas Baker Electrical offered engineering, procurement, and development providers.
“It is a landmark mission for our group and a pivotal second for our progress trajectory” said Jason Kuflik, chief govt officer at GSPP. “Whereas our group sees this mission as a sizeable contribution to California photo voltaic, it’s each humbling and motivating to affix the Westlands Solar Park, which is able to include 2,700 MWs as soon as absolutely constructed out. As at all times, we’re proud to contribute to the nation’s transition to renewable vitality and may’t wait to see what the longer term brings for our group.”
This California photo voltaic mission is anticipated to generate roughly 57 million kilowatt-hours in its first yr of manufacturing and over 1.8 billion kilowatt-hours over its 35 years of usable life. That is sufficient vitality to energy roughly 5,200 houses in California annually. The 1.2 million+ metric tons of carbon dioxide displaced by this mission over its useable life is equal to eradicating over 8,000 gasoline-powered passenger autos from the highway annually.
“The Westlands Almond Solar mission was Green Street and Baker’s first mission working collectively,” commented Daniel Sicard, senior director of pre-construction/utility renewables. “Each groups have been in a position to work collaboratively and create a really profitable partnership for each firms; one we each sit up for repeating.”
Agrovoltaics, which is using land for each agriculture and photo voltaic vitality technology, will play a key function on the web site. GSPP will use sheep grazing for vegetation administration in future seasons.
The Westlands Almond photo voltaic photovoltaic system is promoting the renewable vitality to Calpine Vitality Options (“Calpine”). Beneath the contract with Calpine, the electrical energy can be delivered to the California Impartial System Operator (“CAISO”) and Renewable Vitality Credit (“RECs”) can be offered to finish consumer, Amy’s Kitchen.
Project financing was secured by way of two main renewable business monetary establishments. Stay Oak Financial institution offered everlasting debt funding, whereas Nelnet Renewable Vitality offered each sponsor fairness and tax fairness funding.
“Nelnet Renewable Vitality is proud to accomplice with Green Street Power Partners to convey this mission to fruition. Having now partnered with Green Street on a number of tasks through the years, it’s rewarding to co-own this mission with them for the long run. It is a mission that additional fulfills our function of powering the desires of the subsequent technology,” stated Scott Gubbels, president of Nelnet Renewable Vitality.
This photo voltaic mission brings GSPP’s operational portfolio complete to 206 MW DC.
About Green Street Power Partners
Based in 2014, GSPP is a nationwide developer, financier, proprietor and operator of economic, group distributed technology and small utility-scale photo voltaic vitality methods benefiting companies and communities throughout the nation. GSPP specializes in structured finance for photo voltaic belongings, securing sponsor and tax fairness alongside project-level everlasting debt financing to understand the best worth for its purchasers.
GSPP’s confirmed dependability, expertise throughout the business and established portfolio of 294 MW of operational and under-construction tasks mixed with its over 1 GW of early and late-stage tasks, underpin its success as one of many nation’s main photo voltaic builders and homeowners.
GSPP strives to proceed this progress whereas staying dedicated to company social and environmental accountability as we maintain the environment for future generations by way of solar energy. We view this accountability as a basic a part of our enterprise, and we persistently work to encourage these values in our workers, companions, and clients.
To help the corporate’s formidable progress objectives, GSPP secured a partnership in Might of 2023 with DIF Capital Partners, an impartial infrastructure fairness fund supervisor presently controlling greater than €16 billion of investments. This partnership will help and speed up the enlargement of GSPP’s targets.
GSPP has over 60 workers and is headquartered in Stamford, Connecticut, with a authorized workplace in Tallahassee, Florida. For extra info, go to gspp.com.
Green Street Power Partners, LLC