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Released November 10, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The 265-megawatt (MW) Three Cedars solar photovoltaic (PV) power plant, which is located in Cedar City, Utah, achieved commercial operation last month following its completion by Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia) and SunEdison (Maryland Heights, Missouri). Dominion, which owns a majority interest in the project, engaged Mortenson Construction as the engineering, procurement and construction (EPC) firm to design and build the solar farm.
The project was originally owned and developed by SunEdison, but Dominion entered into an expanded partnership with SunEdison to acquire a 50% interest in the project. The energy generated from the project is enough to power over 40,000 homes and businesses. The project is located on over 2,000 acres. The power will be sold under a 20-year power purchase agreement with PacifiCorp, a subsidiary of Berkshire Hathaway Energy, a unit of Berkshire Hathaway Corporation (NYSE:BRKA) (Omaha, Nebraska).
The solar plant took just over a year to complete. The project had a total investment value of $320 million. Swinerton Incorporated will be responsible for operation and maintenance.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The project was originally owned and developed by SunEdison, but Dominion entered into an expanded partnership with SunEdison to acquire a 50% interest in the project. The energy generated from the project is enough to power over 40,000 homes and businesses. The project is located on over 2,000 acres. The power will be sold under a 20-year power purchase agreement with PacifiCorp, a subsidiary of Berkshire Hathaway Energy, a unit of Berkshire Hathaway Corporation (NYSE:BRKA) (Omaha, Nebraska).
The solar plant took just over a year to complete. The project had a total investment value of $320 million. Swinerton Incorporated will be responsible for operation and maintenance.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
