Chris Peck of UEP has partnered with Farallon and Energy Development Partners (EDP) to explore large scale solar PV projects in California. The four part process involves acquiring the land through lease or purchase, establishing the interconnection to the grid, finding an off-taker to buy the power, and determining the rates and fees for the transmission of the power.
It’s a relatively complex process, but ultimately a win-win situation. The customer will pay less for their power, it will be generated without fossil fuels, they’ll receive energy credits for it, and they will be able to demonstrate that they are using 100% Green Power.
Farallon and EDP have experience with similar projects in Vietnam, Rhode Island, and Massachusetts. We are exploring our first project in CA, which has a mature and robust renewable energy infrastructure. As we develop our understanding of the California marketplace, regulatory environment and power grid, we’ll have the ability to coordinate projects that will be attractive to investors who wish to be owners of the power generation in the range of 20 MW to 100 MW.
