Algonquin Power & Utilities Corp. has announced plans for an additional solar power plant adjacent to its 20-megawatt (MW) Bakersfield I solar facility currently under construction in Kern County, California. The 10 MW Bakersfield II project will be located on 64 acres of land next to the original Bakersfield project, which is expected to be completed in the beginning of 2015.
"The Bakersfield II Solar project confirms our ability to grow organically as we expand our presence within the United States and specifically in the state of California," said Algonquin CEO Ian Robertson in a company release.
Algonquin expects the addition to cost about $27 million, and is funding the venture through a combination of senior debt, common equity and contributions from tax equity investors. The company has already secured a 20-year power purchase agreement with a California utility for the energy generated at Bakersfield II.
Pending approval of local permits and construction contracts, Bakersfield II should be operational by the first quarter of 2016.