Kokomo Solar 1 LLC on Dec. 22 registered with the Public Utilities Commission of Ohio as a renewable energy generator related to a solar project in Indiana with a placed-in-service date of Dec. 10, 2016.
Kokomo Solar 1 has a 7.15-MW (dc)/5.4 MW (ac) solar photovoltaic array located on 27.3 acres of land in Kokomo, Indiana. All energy produced by the array will be sold to Duke Energy under a power purchase agreement. The array is expected to produce 9,671 MWh in year 2017. The interconnecting utility is Duke Energy Indiana.
Project contact information is: Kokomo Solar 1 LLC, Murray Kroeker, Authorized Person, 1201 West Markland Avenue, Kokomo, IN 46901, phone 604-235-6733, firstname.lastname@example.org, www.alterrapower.ca.
That is contact information for Canada-based Alterra Power Corp. (TSX: AXY). On Oct, 11, Alterra and Inovateus Solar LLC had announced the closing of an $8.9 million construction loan facility for the Kokomo solar project, an approximately 7-MW (dc) solar project located in Kokomo, Indiana. Separately, Alterra said it has completed its previously announced partnership agreement with Inovateus. Alterra will hold a majority interest of 75% or more in the project, though the final partnership allocations are subject to change under certain circumstances prior to term loan conversion.
They said the Kokomo solar project was under construction and expected to begin commercial operations in December 2016. The project is contracted under a 20-year power purchase agreement with Duke Energy Indiana for 100% of plant output. Construction is being managed by Inovateus, which will also provide operations and maintenance services under a long-term contract. Alterra will manage and administer the project. The Kokomo solar project is located on a remediated Superfund parcel of city-owned land.