US: Barclays to partner K Road Power’s utility scale projects


In a statement announcing the partnership, BNRI committed to making "a substantial commitment to fund" K Road’s ongoing projects. Describing K Road’s projects as, "high-viability projects," BNRI’s Managing Director David Ellis said that together the companies would create, "a powerful combination strategically positioned for continued success."

Of K Road’s significant projects to be realized in the near term, the 850 MW Calico solar project in San Bernadino County, California, is set to become of the world’s largest. The Calico project was sold by Tessera Solar to K Road in December 2010 for an undisclosed amount. When purchasing the project, K Road took the decision to include 750 megawatts (MW) of photovoltaic modules instead of entirely relying on solar thermal technology. Another project, the 350 MW Moapa project in Las Vegas, has been fast-tracked by the government.

"BNRI […] will enable K Road to best access efficient capital sources and accelerate our development plan. Partnering with BNRI better positions K Road to continue executing on our goals," said Gerrit Nicholas, K Road?s Managing Partner.