Sandstone Solar LLC filed a Dec. 12 notice with the Federal Energy Regulatory Commission over a change in status due to the start-up of an affiliated solar project in California.
Sandstone Solar owns and operates a solar photovoltaic project with a nameplate capacity of approximately 45 MW (ac) located in the Town of Florence, Arizona. The Sandstone Project is located within the Salt River Project Agricultural Improvement and Power District (SRP) balancing authority area. The Sandstone Project reached commercial operation in December 2015. It is committed to sell the entire output of the Sandstone Project under a 20-year power purchase agreement with SRP.
Sandstone Solar is an indirect subsidiary of FTP Power LLP. FTP owns and controls numerous project companies with generation capacity in the Southwest region.
Solverde 1 LLC, a subsidiary of FTP and an affiliate of Sandstone Solar, owns and operates a photovoltaic project with a nameplate capacity of about 85 MW (ac) in Lancaster, Los Angeles County, California. On Nov. 10, 2016, the Solverde Project achieved mechanical completion and began generating test energy shortly afterwards.
Once the Solverde Project became operational, Sandstone Solar now owns, controls or is affiliated with over 500 MW of operational generation in the Southwest region. As such, it no longer meets the criteria of a Category 1 Seller in the Southwest region and instead qualifies as a Category 2 Seller in the Southwest region. It remains a Category 1 Seller in all other regions outside the Southwest region.
Solverde 1 filed its own Dec. 12 notice with FERC to report the disposition of jurisdictional facilities resulting from the acquisition by SPW Solar Holdings 3 LLC (SPW3) of 100% of the membership interests in Solverde 1. JPM Capital Corp. is the passive investor in SPW3.
In addition, Solverde 1 submitted proposed changes to its market-based rate tariff to reflect that it now qualifies as a Category 2 Seller in the Southwest region, to add the docket number in which FERC granted it market-based rate authority, and to include language to permit the sale of primary frequency response service at market-based rates.
Solverde 1 noted that it is committed to sell the entire output of the Solverde 1 Project under a 20-year power purchase agreement with the California Department of Water Resources.