Solar Plants Will Produce Enough Energy to Power Nearly 357,000 Homes Annually
Chattanooga, TN /PRNewswire/ - Signal Energy, the Chattanooga-based leading contractor in the renewable energy industry, is partnering with Intersect Power to perform the engineering, procurement and construction (EPC) activities for five new solar projects in California and Texas.
Signal Energy has been working with Intersect Power over the past 18 months to design the massive projects. Construction on the sites is slated to begin in 2020.
"Our relationship with the members of Intersect Power is built on many years of trust, collaboration and successful execution. The Intersect team has once again demonstrated that they are an innovative leader in the development and financial structuring of renewable energy projects," said Greg Pawson, president of Signal Energy. "We are extremely proud to be chosen as its preferred EPC partner. Intersect Power brought us into their development process very early as a true partner, which provided the opportunity to jointly create the best solution for each project, resulting in the greatest value for the entire team."
"Deep partnerships with the most innovative, reliable and collaborative suppliers gives us confidence that these power plants will reliably perform at the top end of expectations and maximize the financial returns to long-term equity investors and asset owners," said Sheldon Kimber, CEO and cofounder of Intersect Power.
This large portfolio of projects has a combined capacity of more than 1.7 gigawatts (GW)DC. Signal Energy will install more than 3.7 million solar modules over an area totaling roughly 15 square miles across five projects in two states. The cumulative output of the five solar plants will power the equivalent of nearly 357,000 homes and result in approximately 2.75 million tons of avoided CO2 emissions per year. Plans for the solar plants include:
"Working on this portfolio of projects has certainly been a remarkable experience," said Karl Schadlich, preconstruction manager of Signal Energy overseeing the projects. "This portfolio will be one of the largest ever contracted in the United States. We are fortunate to have an enthusiastic customer that encourages us to bring creative solutions to the table while maintaining a highly efficient and collaborative relationship. Our teams integrate well with one another, and it's truly exciting to witness our partnership and these projects come to life."
Signal Energy has extensive experience constructing renewables projects in Texas and California and has been recognized by Solar Power World as a leading solar EPC for seven consecutive years. In 2018 the company opened an office in Australia, where it is constructing two solar projects, including the Darlington Point Solar Farm, a 333 MW solar plant in New South Wales, and the Finley Solar Farm, a 175 MW power plant in the township of Finley.
About Signal Energy
Signal Energy, headquartered in Chattanooga, Tenn., is a leading full-service design/build contractor providing engineering, procurement and construction (EPC) services for utility-scale renewable energy projects. Signal Energy is the renewable energy subsidiary of EMJ Corporation. For more information, visit www.signalenergy.com.
About Intersect Power
Founded in 2016, Intersect Power is a renewable energy development company bringing utility-scale power to wholesale customers and markets, delivering value and viability to both energy buyers and asset owners. The company develops renewable energy assets from initial idea to construction, including all aspects of siting, permitting, interconnection, power marketing, procurement and finance. Intersect Power has more than 1.6 GWDC of contracted, late-stage solar projects and another 3 GWDC of early- to mid-stage pipeline across California and Texas. For more information, visit www.intersectpower.com.
SOURCE: Signal EnergyCopyright 2019 PR Newswire. All Rights Reserved