SunEdison and MIC Solar Energy Holdings completed a 16.4 MW PV solar power plant located outside Tucson, Arizona on Davis-Monthan Air Force Base (AFB). The project was developed with a public/private alliance between Davis-Monthan AFB, SunEdison, The North American Development Bank (NADB), MIC Solar Energy Holdings, Chevron Energy Solutions and local officials. MIC Solar Energy Holdings took ownership of the project and SunEdison Renewable Operation Center (ROC) will manage plant operations through a contract with MIC Solar Energy Holdings.
North American Development Bank
With meters running backwards, utilities seek a niche.
As states implement renewable energy mandates, and as solar photovoltaic (PV) technology becomes more economical, the market for distributed rooftop solar is growing. As a result, various players are taking different approaches to finance PV development—from net-metered residential systems financed by third-party leases, to grid-scale, utility-owned projects. Fortnightly Contributor William Atkinson talks to some major players in solar PV finance and examines the implications for investor-owned utilities.