K Road Power, an independent power developer focused on utility-scale solar projects, has acquired the Calico Solar Project from Tessera Solar. Southern California Edison withdrew from its power purchase agreement (PPA) with Tessera Solar, under which it was to buy Calico Solar's electricity, earlier this week.
According to the companies, the transaction secures the continued development of Calico Solar, job creation when the project enters construction and the generation of solar energy when the plant begins operations.
SOURCE: Tessera Solar
