D. E. Shaw Renewable Investments buys 100 MW North Star solar project from Community Energy

Top 10 utilities for solar power

D. E. Shaw Renewable Investments bought the 100 MW North Star Solar Project from Community Energy, Inc. and begun construction on the project, which is located in Chisago County, Minnesota.

Upon completion in late 2016, North Star will be the single largest solar energy project in the Midwest, and one of the largest in the U.S. North Star is located on private agricultural land and has a 25-year power purchase agreement with Minnesota-based Xcel Energy.

The North Star project will ultimately comprise more than 400,000 crystalline photovoltaic modules using single-axis tracking technology that follows the sun as it rises in the east and sets in the west. This tracking technology helps to increase both the project’s output and the value of the output to the utility system. In total, the project is expected to generate enough power for about 20,000 homes in its first year.

The project will be constructed by Swinerton Renewable Energy, a leading national renewable energy construction firm. The project is expected to employ over 300 people during construction and come online in late 2016.

D. E. Shaw Renewable Investments and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI’s portfolio of renewable energy projects currently includes 23 wind and solar projects that represent more than 1,100 MW of aggregate capacity.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs