The North American Development Bank (NADB) closed four loan agreements totaling $50.8 million for the construction of four solar energy parks with a total generation capacity of 19.5 MW located in San Diego County, Calif. Macquarie Infrastructure Co. Solar LLC will build the plants, which will provide the electricity generated to San Diego Gas & Electric.
Two of the projects, with a combined generation capacity of 10.2 MW, will be constructed on a 46-acre parcel of land in the unincorporated community of Valley Center. The other two, with a combined generation capacity of 9.3 MW, will be built on a 45-acre parcel of land in the community of Ramona. All four projects will use polycrystalline modules on single-axis tracking systems.