Another Renewable Properties solar project in California.
Renewable Properties announced it has broken ground on three new solar projects in California. Scheduled for completion in 2025, the projects will deliver over 17 MWDC of clean, renewable power to customers through programs offered by Sonoma Clean Power (SCP) and Pacific Gas and Electric (PG&E).
Optus Bank, Pathward, N.A., and BridgePeak Energy Capital are providing two construction loans to fund the three California projects. The first loan, totaling $16.3 million, will support the construction of Redemeyer Road Solar project. The second loan, totaling $19.518 million, will finance the construction of Althea Phase I and Althea Phase II.
The power from the 5.56 MWDC Redemeyer, located in Ukiah, California, will be procured by Sonoma Clean Power (SCP), the community choice aggregator (CCA) that serves Sonoma and Mendocino counties. SCP will use the generation for its EverGreen program. This unique shared solar program offers SCP subscribers 100% local, renewable power that runs 24/7 from solar, energy storage and geothermal facilities that are sited within Sonoma and Mendocino counties.
In addition to the solar generation, Redemeyer will incorporate a 4 MWDC/16 MWh energy storage system, which will shift solar energy from when it is generated in the middle of the day to the evening when SCP’s customers need it most. Once completed in Q3 2025, Redemeyer will generate enough solar electricity to power 1,021 average homes per year.
Renewable Properties also commenced construction on the Althea Avenue Solar Phases 1 and 2 projects in Fresno County, California. Both phases will complete construction by Q4 2025.
The 6.42-MWDC Althea Solar Phase 1 will generate enough electricity to power 1,311 homes per year. Its renewable energy will contribute to PG&E’s Disadvantaged Communities (DAC) Green Tariff program, which provides clean power to low to moderate income-qualified residents with a 20% discount on their electric bills.
The adjacent 5.02 MWDC Phase 2 project is part of PG&E’s Solar Choice program. Solar Choice allows customers who can’t install solar on their roof to purchase solar energy to match either 50% or 100% of their energy use. After completion, the array will generate enough electricity to power 1,021 homes per year.
“These projects reflect Renewable Properties’ ongoing commitment to expanding locally generated renewable energy,” said Aaron Halimi, founder and CEO of Renewable Properties. “We’re grateful to our partners Optus Bank, Pathward, and BridgePeak Energy Capital for enabling us to help more Californians go solar, regardless of income or having rooftop access.”
News item from Renewable Properties
