ID Solar 1 LLC on May 3 requested that the Federal Energy Regulatory Commission issue an order on an expedited basis that accepts for filing its proposed market-based rate tariff and authorizes it to sell energy, capacity, and certain ancillary services at market-based rates.
The company has a solar photovoltaic project with a nameplate capacity rating of approximately 40 MW (ac) located in Ada County, Idaho. The project is located within the Idaho Power balancing authority area (BAA) in the Northwest region.
The entire generation output of the project is fully committed under a firm 20-year power purchase agreement to Idaho Power. The project self-certified with the commission as a Qualifying Facility (QF). Applicant expects the project to begin generating test power during May 2016 and reach commercial operation shortly thereafter.
Applicant’s upstream owner, Carolina Energy Partners II LLC, is currently in negotiations to sell 100 percent of the equity interest in applicant prior to generating test power and commercial operation. Carolina Energy Partners II engages in equity investments in renewable energy projects, and, in addition to owning applicant, is the sole member of the single purpose limited liability companies developing solar energy projects to be sold to unaffiliated third-parties prior to the commencement of power generation. Carolina Energy Partners II is wholly-owned by York Renewable Energy Partners LLC, which also makes equity and financing investments in renewable energy projects.
A company contact is: Kevin Kearney, Investment Counsel, Entropy Investment Management LLC, 14120 Ballantyne Corporate Place, Suite 400, Charlotte, NC 28277, (980) 265-0459, kevin.kearney@EntropyIM.com.
