Canadian Solar (NASDAQ: CSIQ) on Sept. 26 announced the commercial operation of the 200-MW (ac)/258-MWp Tranquillity solar project in California.
The Tranquillity project was developed by Canadian Solar’s wholly owned-subsidiary Recurrent Energy and is majority-owned by Southern Co. (NYSE: SO) subsidiary Southern Power. Electricity and the associated renewable energy credits (RECs) produced by Tranquillity will be sold under long-term power purchase agreements to offtakers including Southern California Edison (SCE).
“The Tranquillity solar facility is the product of long-term collaboration with financial partners, local communities and other stakeholders,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “This milestone is a testament to our commitment to the communities and ecosystems where we operate, which is a critical ingredient of our project development success.”
In August 2015, Southern Power signed an agreement to acquire a 51% controlling interest in the Tranquillity project. Canadian Solar retains 49% ownership of the facility. The Tranquillity facility is sited on 1,900 acres of retired agricultural land in Fresno County. Signal Energy Constructors provided engineering, procurement and construction services.
“Recurrent Energy’s Tranquillity solar project is a Smart from the Start project that uses drainage impaired, marginally productive farm lands being retired from agricultural production,” said Carl Zichella, Director of Western Transmission for the Natural Resources Defense Council. “Recurrent Energy should be commended for its responsible development practices.”
“The Tranquillity Solar Facility will help meet the energy needs of customers now and in the future,” said Southern Power President and CEO Buzz Miller. “Through strategic acquisitions we continue our solar generation growth, creating one of America’s largest renewable portfolios.”
Southern Power has announced, acquired or is constructing more than 2,400 MW of renewable ownership with 31 solar, wind and biomass projects, including 11 solar projects in California. In all, the Southern Co. system has added or announced more than 4,000 MW of renewable energy projects since 2012. Southern Power and its subsidiaries own or have the rights to 41 facilities operating or under construction in 11 states with more than 11,700 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
Recurrent Energy has more than 4 GW of solar projects in development in North America. Canadian Solar has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 14 years, Canadian Solar has successfully delivered over 16 GW of premium quality modules to over 90 countries around the world.