The projects being sold by EDF RE are the 32.6 MW Cottonwood Solar and 24.3 MW Catalina Solar 2. The sale agreement is subject to customary conditions precedent; it will close upon completion of installation, after which EDF RE will manage the commissioning and place the projects in service.
Cottonwood Solar consists of three sites, two of which are ground-mount facilities located on private land in the central California counties of Kern and Kings. The third site is a carport structure to be built in Marin County. The project is secured under a 25-year power purchase agreement (PPA).
Catalina Solar 2, located on 270 acres in the Mojave Desert of Kern County, is designed as a solar PV horizontal single-axis tracker project and is secured under a 20-year PPA.
Construction on both projects is anticipated to commence in the fourth quarter, with commercial operation expected in the second quarter of next year.