Kingbird Solar A LLC and Kingbird Solar B LLC on Oct. 8 filed with the Federal Energy Regulatory Commission certain rate schedules related to their in-development projects California, including schedules related to the sharing of certain interconnection infrastructure.
Parent Kingbird Solar LLC is an indirect wholly-owned subsidiary of First Solar. Through its two wholly-owned subsidiaries, Kingbird A and Kingbird B, Kingbird Solar is constructing two 20-MW (nameplate) solar photovoltaic facilities in Kern County, California. Each of Kingbird A and Kingbird B will become an exempt wholesale generator under the Public Utility Holding Company Act of 2005, and will file under Section 205 of the Federal Power Act to obtain market-based rate authority.
Kingbird A and Kingbird B expect to deliver test power from their projects to the electric transmission grid on or after Nov. 16, 2015, and achieve full commercial operation for their respective facilities on or about Dec. 31, 2015. Kingbird A has entered into a long-term power sales agreement for its full electrical output with The City of Pasadena, California. Kingbird B has entered into a long-term power sales agreement with the Southern California Public Power Authority, a joint power agency.
In September 2011, First Solar began construction of the 230-MW Antelope Valley Solar Ranch One photovoltaic facility (AVSR). In September 2011, First Solar sold the Antelope Valley project company to Exelon AVSR LLC, a wholly-owned indirect subsidiary of Exelon Corp. (NYSE: EXC). First Solar did not retain any direct or indirect investment interest in this facility.
As part of the transaction with Exelon, First Solar retained the right to develop additional solar generating facilities on a parcel of land to the north of the AVSR facility. Thereafter, Kingbird Solar continued to develop the Kingbird A and Kingbird B facilities.
First Solar is seeking a purchaser of Kingbird A and Kingbird B and hopes to consummate a sale transaction prior to the date when each of the facilities first produces test energy, the application noted.