Google, Scatec to build 104MW solar power plant in Utah

Scatec Solar Model

Google and independent solar power producer, Scatec Solar ASA, have entered into financing agreements totaling $157 million for construction of a 104-MW Red Hills solar power plant in Parowan, Utah.

Total investment for the plant is estimated at $188 million. Google will provide tax equity; Prudential Capital Group will provide debt financing; and Scatec Solar will provide sponsor equity. The power plant will be owned by Google and Scatec Solar. Scatec Solar will manage and operate the plant when it goes into operation.

When completed, the Red Hills solar project will be Scatec Solar's largest developed and constructed project in North America, and Utah's largest solar energy generation facility.

Power produced will be fed into the grid under a 20-year power purchase agreement (PPA) with PacifiCorp's Rocky Mountain Power.

The plant is expected to enter into operations by the end of 2015.



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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...