Swinerton In the News

Swinerton Renewable Energy: February 10, 2015

Scatec, Swinerton Begin Construction of 104-MW DC Solar Project in Utah

Swinerton Renewable Energy and Scatec Solar AS on Feb. 6 said they have begun construction of a 104-MW DC photovoltaic solar project in Utah.

The $188 million project, dubbed Utah Red Hills Renewable Park, is expected to be the largest of its kind in Utah when it begins operations by year-end, according to a news release. The project is expected to generate around 210 million kWh of electricity annually.

The project holds a 20-year power purchase agreement with Berkshire Hathaway Energy subsidiary PacifiCorp d/b/a Rocky Mountain Power.

Scatec Solar contracted Swinerton Renewable Energy to provide turnkey engineering, procurement, and construction, as well as operations and maintenance services for the project. Scatec Solar will support project procurement and construction management and will manage and operate the plant after completion.

In addition, Swinerton Renewable Energy will provide real-time data monitoring, plant control and asset performance optimization through the combined efforts of their solar operations live view platform and ongoing O&M services.

The developers will install approximately 325,000 PV modules on a single-axis tracking system on approximately 650 acres of privately owned land in Parowan, Utah. It will be interconnected to an existing transmission line, the company said.

Scatec Solar recently closed on financing for the project, with Google providing tax equity, Prudential Capital Group providing debt financing and Scatec Solar providing sponsor equity, according to the release.

According to SNL Energy data, Scatec AS and ITOCHU Corp. own 62.50% and 37.50% stake, respectively, in Utah Red Hills Renewable Park.

To read full article click on the link below:
https://www2.snl.com/Interactivex/article.aspx?CdId=A-31054888-12330