California-based developer Sunpin Solar announced a PPA with an investment grade offtaker for the full output of the Titan Solar 1 Power Plant, which began construction in January 2020. The PPA covers the full 98-MWdc/70-MWac capacity of the solar project and will serve to meet California’s renewable portfolio standard requirements once it has reached commercial operation at the end of this year.
Sunpin Solar’s CFO Kelly Lloyd stated “the signing of the PPA along with the tax equity investment and energy hedge commitments has propelled Titan Solar 1 into a utility scale desert solar diamond project that Sunpin is proud to develop and complete with its business partners and local community.”
The 98-MW Titan Solar 1 Power Plant, which will be operational in November this year, is situated on 420 acres of land in Imperial County, California, between the Salton Sea and the Anza Borrego Desert State Park. It is interconnected to the Imperial Irrigation District (IID) Utility grid and has delivery capability into the California Independent System Operator (CAISO) territory. The single-axis tracking system has an expected annual production of over 214,000 MWh.
This is Sunpin Solar’s second utility-scale solar project in IID, following the successful completion of operation of the 75-MWac ColGreen North Shore project in 2018.
“The project would not have moved forward as smoothly as now without the tremendous support from the Imperial Irrigation District Board of Directors and staff as well as the County of Imperial, especially under such a challenging time due to COVID-19. Sunpin is committed to generating more tax revenues, creating more jobs and bringing more local benefits to the community.” Said XJ Chen, Vice President of Development at Sunpin.
The Titan Solar 1 project created over 300 local jobs at the peak of construction, even during the COVID-19 pandemic. There has been a cohesive effort to complete the project on schedule while keeping its workers safe.
News item from Sunpin