sPower Enters Deals Amid Its Big Plans For 2016

Posted by Joseph Bebon on January 26, 2016 No Comments
Categories : Projects & Contracts

sPower, a Salt Lake City-based independent power producer, has announced a major project-development partnership and inked a 1 GW order for solar PV modules.

Specifically, the company entered an engineering, procurement and construction (EPC) agreement with Rosendin Electric Inc. (REI), a San Jose, Calif.-based private electrical contractor, to construct nearly 700 MW in utility-scale solar PV projects this year.

“Aligning ourselves with Rosendin marks one of the key strategic relationships that sPower has prioritized as we look to double our operating portfolio in 2016,” says sPower CEO Ryan Creamer. “We are confident that Rosendin’s depth of experience with solar facility construction will be instrumental in executing our aggressive development plans.”

At the height of construction, sPower says its projects will provide more than 900 jobs. Construction is scheduled to begin this month, with completion and grid connection projected for April through December.

“We are thrilled to team with sPower. They have established themselves as a leader in the industry with a solid reputation for responsible development and strong financial backing,” comments David Lincoln, vice president of REI’s renewable energy group. “This agreement represents a significant portion of solar within our renewables group. sPower projects will have our full attention.”

Furthermore, sPower has signed a supply agreement with JinkoSolar Holding Co. Ltd. for up to 1 GW of modules. JinkoSolar says this represents its largest contract in the U.S. to date, and the manufacturer will supply over 3 million of its high-efficiency PV modules to sPower for its various projects to be built by year’s end.

“JinkoSolar is proud to be sPower’s strategic partner, a key player in the U.S. solar development market,” says Nigel Cockroft, general manager of JinkoSolar US.

“The timing of the agreement is significant in light of the recent extension by the U.S. federal government of investment tax credits for utility-scale solar development,” states Creamer. “Strategic sourcing is an element of sPower’s plan to secure resources in order to ensure that we successfully achieve our aggressive development goals.”

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