SolarIndustryMag.com: EDF Renewable Energy Completes Financing On Catalina Solar Project

EDF Renewable Energy Completes Financing On Catalina Solar Project

by SI Staff on Thursday 03 January 2013

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EDF Renewable Energy, formerly enXco, has completed financing on the 143 MW Catalina solar project in California's Mojave Desert.

Majority interest in the project was acquired by a group of investors comprising GE unit GE Energy Financial Services, Metropolitan Life Insurance Co. - a wholly owned subsidiary of MetLife Inc. - Union Bank NA and Citi.

Located on 1,100 acres of privately owned land southwest of the Tehachapi and Piute mountains, the project, which has been under construction since May, began ramping up operation last month and will reach full capacity during the second quarter of this year.

Energy generated will be supplied to San Diego Gas & Electric Co. The project is co-located with a large-scale wind power project and features thin-film modules supplied by First Solar and Solar Frontier.

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