8minutenergy Renewables, LLC and Gestamp Solar today announced the signing of a 25-year contract to sell 30MW-ac (40MW-dc) of solar energy from its Midway III Solar Farm project in Imperial County, Calif., to the Imperial Irrigation District (IID), which serves Imperial County. The transaction was conducted with 96WI 8me, LLC and Gestamp Solar. The two companies have a joint development agreement to develop the Midway III Solar Farm project.
The Midway III Solar Farm project is a utility-scale solar generation facility sited on 221 acres of low-productivity farmland. Construction is projected to begin in late 2015, with the site expected to be operational and delivering renewable energy to the IID grid by the latter half of 2016. This clean solar generation plant will displace the equivalent of approximately 84,800 metric tons of carbon dioxide (CO2) per year, which is equal to the amount that roughly 3.6 million trees would displace annually.
"This PPA underscores 8minutenergy's commitment to the people of the Imperial Valley," said Martin Hermann, chief executive officer of 8minutenergy Renewables. "We are proud that through working closely with the IID and Gestamp Solar, this solar project will create approximately 240 direct and 180 indirect jobs during construction in Imperial County, and make other contributions to the local economy."
"Gestamp Solar is pleased that its investment in these projects, and its hard work and close collaboration with 8minutenergy's development team and the IID team, has led to the achievement of this PPA," said Jorge Barredo, CEO of Gestamp Solar. "We look forward to leading the next stage in this solar project's development and constructing the site."
"We are glad to see that our investments, supported closely by our partner, 8minutenergy Renewables, is resulting in more renewable energy and jobs for the people of Imperial County," said Ran Bujanover, the U.S. Country Manager for Gestamp Solar. "This PPA helps us further fulfill our mission of providing affordable power options to the people we serve, while promoting the creation of green jobs in California."
"Power for over 10,600 households in Imperial County will be produced by the Midway III Solar Farm's annual production of approximately 75.0 million kWhs of electricity," said Tom Buttgenbach, president of 8minutenergy Renewables. "We are grateful for the support we received from the IID and other officials in Imperial County throughout the development of this solar project."