The facility will be located adjacent to the company’s 20MW Bakersfield I solar PV project in Kern County, due for start of commercial operation in first quarter 2015.
Algonquin, based in Oakville, Ontario, has completed a 20-year power off-take agreement with a California utility for Bakersfield II.
The developer intends to finance the project with a combination of senior debt, common equity and 40% from tax equity investors.
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