NRG Energy Inc. has acquired the 4 MW Spanish Town Estate solar project on the island of St. Croix in the U.S. Virgin Islands (USVI) from Toshiba International Corp.
Once the project is completed, the power will be sold to the U.S. Virgin Islands Water and Power Authority (WAPA) under a 25-year power purchase agreement.
Construction of the Spanish Town Estate solar project began in April of this year. With the purchase of the project, NRG, through its subsidiaries, will be the sole owner of the facility, while Toshiba will continue to serve as the lead on engineering, procurement and construction. The project incorporates 4,400 Canadian Solar CS6X-P 305 polycrystalline modules.
‘We are extremely excited to partner with WAPA in paving the road for the development of this and other renewable energy capacity on St. Croix,’ says Tom Doyle, president of NRG's renewable energy business unit. ‘Not only is solar cost-competitive here, but it provides clean, emission-free power, helping to ensure that the pristine beauty of the island is not compromised by the economic costs and detrimental effects of importing and using fossil fuels.’
