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TSV Acquires Silverleaf PV Solar Project

Source: www.gulfoilandgas.com 8/27/2012, Location: North America

Tenaska Solar Ventures, LLC (TSV), announced that it has acquired the Silverleaf photovoltaic solar project, a proposed 160-megawatt (MW) solar energy project under development near El Centro, from Agile Solar Holdings, an affiliate of Agile Energy, LLC (Agile Energy), and Bregal Energy, an affiliate of Agile Solar Holdings. The transaction closed on Aug. 1. TSV is an affiliate of Tenaska, based in Omaha, Neb., and one of the nation’s largest independent energy producers. Agile Energy, of San Bruno, Calif., is a developer of utility-scale power generating projects and will provide development services to TSV through the completion of project permitting. TSV will assume responsibility for all other development aspects of the project, including securing a power purchase agreement.

The project, to be named Tenaska Silverleaf Solar Energy Center, would be located on approximately 1,100 acres of agricultural land west of El Centro and east of Tenaska Imperial Solar Energy Center West, a 150-MW solar generating facility being developed by an affiliate of TSV.

“We plan to deliver the economic results that community leaders have envisioned since the solar industry was first introduced to this area,” said Bob Ramaekers, Tenaska vice president, Development. “We’re proud that the Tenaska Silverleaf Solar Energy Center will be our third project in the county, adding to the hundreds of construction jobs, millions in sales tax revenue and substantial economic activity of our other projects.”

Construction on the Silverleaf project is slated to begin as early as 2014, with commercial operation targeted for as early as 2015. The project is expected to provide approximately 250 direct jobs during peak construction and two to six full-time positions after the plant begins operations.

“Tenaska Solar Ventures is pleased to work with a skilled and experienced renewable energy developer such as Agile Energy,” Ramaekers said. “Together, we are a strong, innovative team that will help make Imperial County the solar energy capital of the nation.”

“Agile Energy’s vision of developing a major solar generating station in the Imperial Valley will now be realized with the backing of Tenaska,” said Robert Morgan, president and chief operating officer of Agile Energy. “We’re excited to be working with one of the premier companies in our industry to bring Silverleaf into operation.”

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Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

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