Beacon Solar 3 LLC filed a Dec. 20 notice with the Federal Energy Regulatory Commission that it now qualifies as a Category 2 Seller in the Southwest region.
Beacon Solar 3 is developing a solar photovoltaic project with a nameplate capacity rating of approximately 56 MW (ac) located in Kern County, California. The Beacon Solar 3 Project is located within the Los Angeles Department of Water and Power (LADWP) balancing authority area. It has obtained market-based rate authority and has filed notice with the commission of its status as an exempt wholesale generator.
The Beacon Solar 3 Project achieved mechanical completion in December 2016 and is scheduled to reach commercial operation in December 2016. The entire output of the Beacon Solar 3 Project is under a 25-year power purchase agreement with LADWP.
Beacon Solar 3 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 Beacon Solar 3, owns and operates a solar photovoltaic project with a nameplate capacity rating of approximately 85 MW (ac) located 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, Beacon Solar 3 will own, control or be 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. It remains a Category 1 Seller in all other regions outside the Southwest region.