Set to be located across 200 to 250 acres of land owned by Tucson Water in Picture Rocks, Arizona, the plant is expected to generate enough energy to meet the needs of around 3,500 homes when complete. The electricity will be sold to Tucson Electric Power (TEP) under a 20 year power purchase agreement.
Certification and financing for design, construction and operation was said to be approved by the Board of Directors of NADB and the Border Environment Cooperation Commission (BECC) last December. An EPC contractor will install MEMCs crystalline silicon photovoltaic modules on a single-axis tracker system.
"We are very pleased to sign this loan with SunEdison, a company with a well-established presence in the solar energy sector. NADB works to provide affordable long-term financing for projects in the U.S.-Mexico border region that yield environmental and economic benefits for the citizens of the region. This is a great project that does just this," commented NADB managing director, Geronimo Gutierrez.
No further details were released.