Google approved by FERC to take passive interest in Utah solar project

The Federal Energy Regulatory Commission on June 2 signed off on a deal by search engine company Google Inc. to buy a passive interest in a solar project in Utah.

On Feb. 6, Utah Red Hills Renewable Park LLC filed an application requesting commission authorization for the acquisition by Pelican Solar UT LLC, an indirect, wholly-owned subsidiary of Google Inc., of 100% of the non-controlling, passive, Class A Units in applicant’s upstream owner, Utah Red Hills Holdco LLC (URH Holdco). Although applicant stated that the proposed transaction may not require commission authorization, it nevertheless asked the commission to authorize the application. “This order authorizes the Proposed Transaction without making any determination of jurisdiction,” said the June 2 FERC order.

Utah Red Hills will construct, own, and operate a solar photovoltaic facility with a capacity of approximately 78.6 MW, to be located near the town of Parowan, Utah. It will be interconnected to the transmission system of PacifiCorp, and will sell its entire output and capacity to PacifiCorp under a twenty-year power purchase agreement (PPA).

Utah Red Hills is controlled by Scatec Solar North America (SSNA). SSNA is a direct, wholly-owned subsidiary of Scatec Solar ASA, which is headquartered in Oslo, Norway, and is publicly traded on the Oslo Stock Exchange.

Under this now-approved transaction, Google will become an investor through its indirect, wholly-owned subsidiary Pelican Solar.

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.