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Construction Of Largest Solar Project Underway In West Fresno County

August 26,2015

Tranquillity 2015-08-25 at 4.44.58 PM

Workers install foundations for the Recurrent Energy developed Tranquillity solar project.

 

Construction of the Tranquillity Solar project, a 200MW solar farm got underway in west Fresno County in July. The utility scale solar energy project is the largest in the Central Valley.

“Workers are installing foundations for the panels right now“says Recurrent Energy spokesperson Jesse Prie.

Being built by Recurrent Energy, based in San Francisco, the company was recently acquired by Canadian Solar Inc. from Japanese- owned Sharp Corporation. The acquisition of Recurrent was pegged at approximately $265 million in cash.

The Tranquillity project is being constructed in two phases. Phase A will be up to 200 megawatts and consist of approximately 1,900 acres. Phase B will be for up to an additional 200 MW and consist of up to approximately 1,832 additional acres under permits from Fresno County.

At 400 MW the sprawling solar farm would rank just behind Topaz Solar at 550 MW in eastern San Luis Obispo County in size.

The Fresno project,located 7 miles southwest of the town of Tranquillity, is expected to generate 500 construction jobs between now and its completion in late 2016. The power is being sold to PG&E.

Tranquillity is being built close to existing high-voltage transmission lines on retired agricultural land with poor soils and no habitat issues, and it requires no surface water allocation. Recurrent bought the land from Westlands Water District who could no longer use it for ag purposes.

Recurrent also built the Adams East solar farm in Fresno County,is building the 170mw Mustang Solar project near Lemoore in Kings County as well as a handful of 20mw size utility-scale solar farms in Kings County.

Located in California and Texas, Recurrent’s 1.0 GW late-stage pipeline is one of the largest utility-scale project portfolios scheduled to be built prior to the federal Investment Tax Credit expiration in 2016, and represents an estimated revenue opportunity of at least $2.3 billion for Canadian Solar under a build and sell business model. Once constructed, Recurrent typically sells the asset to another company who holds it long term for the income it generates.

California leads the nation in solar panel energy with some 3,217mw installed according to the state.Both Governor Brown and President Obama have vowed to help America to install more renewable energy to help cut greenhouse gas emissions from fossil fuels.

This week the White House expanded its efforts for greater renewable energy adoption, announcing fresh financial incentives for solar panels, smart grid technology and other alternative energies for homeowners and builders. President Barack Obama traveled to Las Vegas unveiling an additional $1 billion in loan guarantees for new research projects and  savings for homeowners who use renewable energy.

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