Sunpin Solar Secures Titan Solar PPA


Sunpin Solar LLC, a California-based solar energy company, has signed a power purchase agreement (PPA) for the Titan Solar 1 Power Plant.

The project has a 12-year PPA with Exelon Generation Co. LLC, a company that supplies retail customers in California through its affiliate Constellation NewEnergy Inc. In addition, Sunpin announced that Morgan Stanley Capital Group is providing an eight-year financial hedge.

“Working with our strong financial partners Sunpin has again succeeded in securing safe and predictable long-term earnings and congratulates our long-term partners for believing in the company’s long-term solar strategy,” says Kelly Lloyd, CFO of Sunpin. “In the last 18 months Sunpin attained over $100 million from tax equity investors and later in 2021 Sunpin will be seeking tax equity investments for over 500 MW of PV/BESS projects with COD’s in 2022 and 2023.”

The project began construction in January 2020 and reached completion and commercial operation in December 2020. The 98 MW DC/70 MW AC site is located in Imperial County, Calif., on a 420-acre parcel. The single-axis tracking system has an expected annual production of 215,000 MWh. The site contains the best 100 online casinos in the world

Photo Source

Notify of
Inline Feedbacks
View all comments