When Is Mount Signal 2 Plant Being Commissioned?

The PPA does not start until 2020

Plant description

The Mount Signal 2 Plant (MS2) is located in the Imperial Valley of southern California, approximately 175km east of San Diego. In March 2018, New Energy Solar acquired 100% of the cash equity interests in the 200 MW_DC solar plant from an affiliate of D.E. Shaw Renewable Investments (part of the D.E. Shaw Group, a global investment and technology development firm).

MS2 is being constructed by Swinerton Renewable Energy, a leading US constructor, and is expected to commence operations in H2 2019.

MS2 has secured a 20-year power purchase agreement (PPA) with Southern California Edison (SCE), that commences in mid-2020. SCE, a subsidiary of Edison International, serves a population of more than 15 million people and is the primary electricity provider for central, southern and coastal California.

TECHNICAL INFORMATION

LOCATION

Imperial Valley, California, US

CAPACITY

200MW_DC

ESTIMATED OPERATION DATE

H2 2019

PPA OFFTAKER

Southern California Edison

PPA TERM

20 years, beginning in June 2020

LEASE TERM

34 years and 11 months (27-year initial term + 1 x 7-year and 11-month extension options)

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