Another renewable properties of solar project in California.
Renewable property announced that it broke the land on three new solar projects in California. Planned for completion in 2025, the projects will deliver more than 17 MWDC From clean, renewable electricity for customers via programs offered by Sonoma Clean Power (SCP) and Pacific Gas and Electric (PG&E).
Optus Bank, Pathward, NA and Bridepeak Energy Capital provide two building loans to finance the three Californian projects. The first loan, a total of $ 16.3 million, will support the construction of Redemeyer Road Solar Project. The second loan, a total of $ 19.518 million, will finance the construction of Althea Phase I and Althea Phase II.
The power of the 5.56 MWDC Redemeyer, located in Ukiah, California, is hired by Sonoma Clean Power (SCP), the Community Choice Aggregator (CCA) that serves the provinces of Sonoma and Mendocino. SCP will use the generation for its evergreen program. This unique shared solar program offers SCP subscribers 100% local, renewable electricity that runs 24/7 from solar, energy storage and geothermal facilities placed in the provinces of Sonoma and Mendocino.
In addition to the solar generation, Redemeyer will record a 4 MWDC/16 MWH Energy Storage System, which will shift solar energy from when it is generated in the middle of the evening when SCP customers need it the most. Once completed in Q3 2025, Redemeyer will generate sufficient solar electricity to feed 1,021 average houses per year.
Renewable properties have also started the construction of the Althea Avenue Solar Phases 1 and 2 projects in Fresno County, California. Both phases will complete the construction by Q4 2025.
The 6.42 MWDC Althea Solar Phase 1 will generate sufficient electricity to supply 1,311 houses per year with electricity. The renewable energy will contribute to the green rate program of PG&E’s disadvantaged communities (DAC), which supplies clean electricity to low to moderate income qualified residents with a 20% discount on their electricity accounts.
The adjacent 5.02 MWDC Phase 2 project is part of the PG&E solar choice program. Solar choice sets customers who cannot install solar energy on their roof to buy solar energy to match 50% or 100% of their energy consumption. After completion, the Array generates sufficient electricity to feed 1,021 houses per year.
“These projects reflect the continuous dedication of renewable properties to expand locally generated renewable energy,” said Aaron Halimi, founder and CEO of Renewable Properties. “We are grateful to our partners Optus Bank, Pathward and Bridepeak Energy Capital to enable us to help more Californians go on solar energy, regardless of income or access on the roof.”
News item of renewable properties
