Power
Massive Panoche Valley Solar Project Begins Construction in California
Construction has begun on the 247-MW Panoche Valley Solar Project in California
Released Thursday, October 01, 2015
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Researched by Industrial Info Resources (Sugar Land, Texas)--Construction of one the world's biggest solar power plants is under way. The 247-megawatt (MW) Panoche Valley Solar Project is located in San Benito County, California. The project is owned by Panoche Valley Solar LLC (Menlo Park, California).
The project will be built by AMEC Foster Wheeler plc (NYSE:AMFW) (London, England) on 2,500 acres of private land. It will utilize as many as 4 million photovoltaic solar panels to generate enough electricity to power 70,000 homes. It is located next to existing power lines.
The project has a total investment value of $650 million and will create about 500 onsite construction jobs. Completion is expected by fourth-quarter 2017.
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.
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