Clearway Energy Group has begun construction on its Rosamond South I solar and storage project in Kern County, California. The 140 MW solar and 118 MW storage Rosamond South 1, which customers call Golden Fields Solar IV LLC, has long-term contracts with several California charging services, including 15-year agreements with MCE, The University of California, the Rancho municipal utility Cucamonga, the Eastside Power Authority and the City of Moreno Valley.
“Kern County has long served as a critical supplier of our nation’s energy,” said Brooks Friedeman, Vice President of Capital Markets at Clearway. “We are pleased to invest in and help continue Kern County’s energy leadership through our Rosamond South solar and storage project, which will provide reliable and low-cost power when it is needed most.”
To finance the $550 million construction loan for the solar and storage projects, Clearway has assembled a banking consortium consisting of Societe Generale, Australia and New Zealand Banking Group Limited Siemens Financial Services, Commerzbank, CoBank, DNB Bank ASA and Nord/LB.
During construction, which is led by EPC contractor McCarthy Building Companies, Inc. more than 400 union jobs will be created. Labor partners include Laborers Union 220, Southwest Regional Council of Carpenters, Operating Engineers Local 12, IBEW Local 428, Ironworkers Local. 416 and Local 433.
The project is expected to be commercially operational in 2025.
News item from Clearway
