CALIFORNIA VALLEY SOLAR RANCH

Loan Programs Office

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PROJECT SUMMARY

In September 2011, the Department of Energy issued a $1.2 billion loan guarantee to finance California Valley Solar Ranch, a 250-MW photovoltaic (PV) solar generation project. The project reached full commercial operations in October 2013.

TECHNOLOGY INNOVATION

California Valley Solar Ranch is the first utility-scale PV project in the United States to utilize T-0 single axis trackers in combination with the wireless tracker monitoring and control system (TMAC). The trackers and TMAC will improve annual output by approximately 25%, compared to traditional fixed installations.

ECONOMIC IMPACT

California Valley Solar Ranch produced 350 construction jobs and is expected to support 11 permanent jobs. Furthermore, California Valley Solar Ranch will generate $10 million in tax revenues and inject $315 million into the local San Luis Obispo economy throughout construction and operations.

CLIMATE BENEFIT

California Valley Solar Ranch will generate approximately 650,000 megawatt-hours of clean energy per year. It will prevent 370,000 metric tons of carbon dioxide emissions annually.

 

PROJECT STATISTICS: CALIFORNIA VALLEY SOLAR RANCH

PROJECT SUMMARYOwnersNRG Energy, Inc. & NRG Solar LLC
 LocationSan Luis Obispo, California
FINANCIAL SUMMARYLoan ProgramTitle XVII
 Loan TypeLoan Guarantee
 Loan Amount 1$1.2 Billion
 Issuance DateSeptember 2011
ENERGY SUMMARYOperation StatusOperating
 Generation Capacity250 MW
 Projected Annual Generation 2650,000 MWh
ECONOMIC IMPACTPermanent U.S. Jobs Supported11
 U.S. Construction Jobs Supported 3350
CLIMATE BENEFITCO2 Emissions Prevented Annually370,000 Metric Tons
NOTES

All information up-to-date as of June 2017

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used.

3 Estimated at the time of closing.

 

PROJECT PHOTOS

NRG Energy, Inc. & NRG Solar, LLC
NRG Energy, Inc. & NRG Solar, LLC
NRG Energy, Inc. & NRG Solar, LLC