SoCore Energy (Chicago, IL, U.S.), a
developer and operator of commercial and distributed solar photovoltaic
(PV) generation and a subsidiary of Edison International, on
September 26th, 2016 announced that it has agreed to acquire
equity interests in 22 community solar garden development projects in
Minnesota as part of the SunEdison bankruptcy proceedings, subject to
certain conditions.
The acquisition of these equity interests was approved on September 26th
with an order from the U.S. Bankruptcy Court in New York, for a total
price of up to USD 79.8 million if all projects are completed.
Projects could add up to 140 MW of PV in Minnesota
Once constructed, these projects will provide up to
140 megawatts (MW) of solar generated power to meet the growing demand
for renewable energy in the state.
SoCore has existing solar PV installations in
Minnesota focused on the needs of commercial customers and is developing
several other solar projects to serve those customers, as well as
electric cooperatives in the state.
These new projects acquired from SunEdison will form
an integral part of SoCore’s expanding portfolio, with several projects
commencing construction as early as the fourth quarter of 2016.
SoCore is targeting completion of all project
development and construction in 2017 using third-party tax equity and
debt financing.
“SoCore has the capabilities and track record to
deliver these projects and meet the needs of our customers in
Minnesota,” said Robert Scheuermann, president of SoCore Energy.
source: http://www.solarserver.com
No comments:
Post a Comment