FERC approves ownership deal involving Mojave Solar

The Federal Energy Regulatory Commission on Jan. 8 approved a change in ownership transaction for Mojave Solar LLC, which is developing a 250-MW solar project in California.

On Dec. 6, 2013, Mojave Solar requested commission authorization for the disposition of jurisdictional facilities. Specifically, Abengoa Solar LLC will sell Class A membership interests, which are passive and non-controlling, in Mojave Solar Holdings LLC to American International Group (AIG), or a direct or indirect wholly-owned affiliate of AIG.

Mojave Solar, an exempt wholesale generator (EWG) with market-based rate authority, is constructing, and will own and operate a 250-MW solar facility located in San Bernardino County, Calif. The facility will interconnect to the transmission system of the Southern California Edison under the functional control of the California Independent System Operator (CAISO).

Mojave Solar is a direct wholly-owned subsidiary of Mojave Holdings. Mojave Holdings is a direct wholly-owned subsidiary of Abengoa Solar, an indirectly-owned subsidiary of Agengoa Solar SA. Abengoa Solar SA, a company chartered in Spain, develops, owns, and operates solar energy facilities in Spain, the U.S., Africa, and the Middle East.

In addition to Mojave Solar, Abengoa Solar wholly indirectly or partially owns or is affiliated with Arizona Solar One LLC and Palen Solar Holdings LLC. Arizona Solar is the owner and operator of an approximately 250-MW facility located in Gila Bend, Arizona, and within the control area of Arizona Public Service. Palen Solar is developing a solar facility of up to 500 MW at a project site about 10 miles east of Desert Center, Calif., in Riverside County.

AIG is an international insurance and financial services firm. According to Mojave Solar, AIG and its affiliates are not primarily engaged in energy-related business activities and do not directly control or own (other than passive interests) any electric generating or transmission assets or generation output in the U.S. Through various subsidiaries, AIG indirectly holds passive, non-controlling interests in certain electric generation facilities located in the U.S.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.