San Diego-based EDF Renewable Energy announced that Dominion (NYSE: D) will acquire the CID Solar Project.
The asset sale agreement will close upon completion of installation, after which EDF RE will manage the commissioning and place the project in service.
CID Solar Project, located on 200 acres of private land in eastern Kings County, approximately two miles north of Corcoran, Calif., was developed by EDF RE and is designed as a 27 megawatt peak (MWp) / 20 MWac ground-mount facility comprised of First Solar Series 3 solar photovoltaic modules with horizontal single-axis trackers.
Construction began on June 12, 2014 with an anticipated date of operation this fall.
The project’s clean energy will be delivered to Pacific Gas and Electric Company (PG&E) under a 20-year power purchase agreement (PPA). EDF Renewable Energy and PG&E have a 24-year business relationship whereby 454 megawatts of renewable energy generation is provided to PG&E through nine projects.