Project developer sPower and the Salt River Project on Feb. 11 announced the opening of sPower Sandstone Solar, with SRP purchasing all 45 MW of the solar energy produced at the facility.
Sandstone Solar is located on more than 300 acres in Florence, Ariz., and utilizes more than 182,000 photovoltaic modules mounted on a single-axis tracking system that follows the sun, allowing the panels to more efficiently capture energy as the sun moves across the sky.
“The addition of renewable, clean energy from Sandstone helps us achieve our goal of providing our customers with a diverse portfolio of affordable and reliable energy,” said SRP General Manager and Chief Executive Officer Mark Bonsall.
“SRP’s progressive approach to expanding its renewable energy portfolio should serve as an example to other utilities. From start to finish, SRP has been an outstanding and collaborative partner,” said Ryan Creamer, sPower CEO. “We are particularly proud of Sandstone Solar as it is our largest single-site solar facility to date.”
Tax equity financing for the project was provided by Wells Fargo, which has provided more than $4 billion in capital to renewable energy projects since 2006.
The SRP Board has set a goal to meet 20% of SRP’s retail electricity requirements through sustainable resources by the year 2020. Currently, SRP is ahead of schedule – providing more than 14% of retail energy needs with sustainable resources, which include solar, wind and geothermal energy, hydro power, and energy-efficiency programs.
SRP is a community-based nonprofit utility. It is the third-largest public power utility in the nation, serving more than 1 million electric customers in the greater Phoenix metropolitan area.