Silver Ridge Power

SunEdison Acquires A 50% Ownership Stake in Silver Ridge Power Joint Venture

SunEdison completed its acquisition of a 50% ownership stake in Silver Ridge Power (SRP) from a subsidiary of AES for approximately $178.6 million in cash. Through its ownership in the SRP joint venture, SunEdison now owns a 50% interest in 36 MW of solar power plant operating projects, including the 266-MW Mt. Signal solar project in California, and a 40% interest in the Tenaska Imperial Solar Energy Center West 183-MW solar power facility to be completed in 2016.

Abengoa Completes the Construction of the Mount Signal Solar Photovoltaic Plant

Abengoa completed construction of Mount Signal Solar, the 206-MW photovoltaic plant in the city of Calexico, south east of California. Abengoa was responsible for the engineering, construction and commissioning of the plant for Silver Ridge Power. The project covers 801 hectares and includes more than three million photovoltaic modules that rotate on a north-south axis tracking the path of the sun.

Google Invests in Silver Ridge Power’s Mount Signal Solar Project

Google partnered with Silver Ridge Power, formerly known as AES Solar, to invest approximately $103 million in Silver Ridge Power’s 265.7-MW Mount Signal Solar project. The project, also known as Imperial Valley Solar 1, is a utility-scale solar PV generating plant under construction in Imperial County, California. Mount Signal Solar is expected to be fully operational in 2014 and will sell its output to the San Diego Gas & Electric under a long-term PPA.