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.

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