Vasari Energy on Nov. 15 announced the expansion of its utility-scale solar project in Maricopa County and Gild Bend, Arizona, increasing the capacity from the original 68 MW to a new level of 140 MW.
“The Maricopa County development provides a considerable boost to our portfolio of clean energy assets, strengthening our position in the solar energy sector, the fastest growing of all renewable energy sectors,” said Sam Lipman, CEO of Vasari Energy on the company’s project expansion.
The project will be developed through Sonoran Solar Development Partners LLC, a wholly-owned development partnership of Vasari Energy. Construction is expected to begin in October 2019, with the project to be operating and delivering power by October 2020.
This new development has positioned the company to exceed its target of generating 700 MW of power from renewables by 2020. Vasari is developing a pipeline of solar energy projects have an estimated power potential of 500 MW-700 MW in California, Arizona, Nevada, and Texas, with a build out value of $650 million-$900 million. Through its various investments, the company aims to reach operating capacity of 1 GW by the end of 2020.
Vasari Energy is a California-based solar energy provider committed to designing, developing and operating a global network of renewable energy solutions. The company plays an active role in all phases of renewable energy generation, providing clean and reliable energy solutions that cultivate economic growth and sustainable communities.