Pacific Northwest Solar, LLC (PNW Solar) has acquired the development assets associated with a proposed 10-megawatt (MW-AC) Solar Power Project in Oregon from an undisclosed company (the identity of the seller is confidential at this stage).
The project will be built in the Portland General Electric service territory and has an executed a 20-year power purchase (PPA) with PGE under the the 2015 PURPA Schedule 201, which includes energy generations and associated renewable energy credits (RECs). Construction of the project is expected to begin in late 2017 and be in service by mid-2018.
With this addition, PNW Solar continues to grow its portfolio of solar development assets in the Pacific Northwest as well as other key markets across the country.
“We are excited to onboard this new project and add it to our already extensive renewable resource pipeline in Oregon” said Ryan Meyer, Senior Vice President, PNW Solar. “We remain dedicated to developing high quality projects throughout the Pacific Northwest, representing significant economic and environmental value both internally and externally. We are optimistic about the growth of solar throughout the region, and more generally throughout the country, and we expect to continue to expand our work alongside that growth.”