Desert Green Solar Farm LLC, an Invenergy Investment Co. LLC affiliate that is building a 6.3-MW solar photovoltaic project in California, filed on July 10 with the Federal Energy Regulatory Commission a notice of self-certification that it is an exempt wholesale generator (EWG).
Desert Green said it is constructing and will own and operate, or lease and operate, an approximately 6.3-MW solar project that will be located in Borrego Springs, Calif. Desert Green will sell electric energy and capacity produced from the Desert Green Project exclusively at wholesale. It didn’t say when this project would go on-line.
The Desert Green Project will interconnect to the electric distribution system owned by San Diego Gas & Electric.
In the future, Desert Green said it may enter into a financing transaction involving a sale-leaseback arrangement pursuant to which it would (a) sell a portion of the Desert Green Project comprised of solar generation facilities and equipment to a third-party, (b) leaseback such facilities and equipment from the third-party, and (c) as lessee, operate and control such facilities and equipment (i.e., the entire Desert Green Project) and sell the power produced at wholesale.