Lotus project acquired from 8minute Solar Energy for an undisclosed price
September 11, 2019
US outfit 8minute Solar Energy has sold equity interests in the 67MW Lotus solar farm in California to Allianz Global Investors for an undisclosed price.
The project, which is located in Madera County, is the first US solar project purchased by the infrastructure equity team at Allianz Global Investors.
Electricity from Lotus will be sold to Southern California Edison under a 20-year power purchase agreement, when it comes online in May 2020.
Construction started in August with Signal Energy providing engineering, procurement and construction services.
Suppliers include NEXTracker with its NX Horizon smart solar tracker and TMEIC with 14 of its Ninja 4200 central inverters.
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