Vasari Energy secures Arizona site for 68-MW solar project

Vasari Energy Inc., a California-based solar energy provider, said Oct. 13 that it has signed a contract to purchase 450 acres of land in Maricopa County, Arizona, for the development of a project with up to 68 MW of solar power.

The project will be developed through Sonoran Solar Development Partners LLC, a wholly-owned development partnership of Vasari Energy. Once fully permitted and engineered, the company estimates the selling price will be about $13.6 million. Construction is expected to begin in October 2019, with the project expected to be operating and delivering power by October 2020.

“Our development team consists of some of the best environmental experts, transmission engineers and permitting specialists in the industry to allow us to obtain all approvals as quickly as possible,” said Sam Lipman, Vice President of Vasari Energy. “This project will allow Vasari Energy to get closer to its objective of $500 million of solar projects under development in 2017.”

Vasari said it will develop the project and either sell it to a financially capable buyer at the time it is fully engineered and permitted or construct and operate the project.

Vasari’s current pipeline of solar energy projects have an estimated power potential of 200 MW in California, Arizona, Nevada and Texas, and with a build out value of approximately $280 million. Through its various investments, the company aims to reach operating capacity of 700 MW by the end of 2020.

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.