Conergy is providing development, EPC and O&M services, along with assistance in securing financing. The 1.5 acre site (6070.2 square meters) will use Conergy P modules and Conergys SolarLinea driven-pile ground mounting, and will annually produce 470,000 kWh of solar energy.
Using an operating lease financing structure, the power plant will provide the ranch US$2.6 million in utility savings over the next 25 years. "By implementing a solar power plant we are able to turn our energy costs into predictable fixed costs. By hedging against rising utility rates, we can increase our profitability, have better cost control and improved forecasting capabilities," says Keith Gardiner, Managing Partner of Bear Creek Ranch.
"Working on many agricultural solar energy projects, Conergy has the insight and experience to develop cost effective solutions for the unique challenges this sector faces, such as being heavily dependent on electricity to irrigate crops. We are pleased that we can apply this experience to the development of Bear Creek Ranchs solar power plant development," adds Conergys David Vincent, Project Development Manager.