Company to Develop $44-M Solar Farm
Clear Skies Solar, Inc., a provider of turnkey solar electricity installations and renewable energy solutions, has purchased 34 acres of land in Cantil, Calif. – the future site of a $44-million 8 MW solar farm. The company was slated to close on the land contract on June 14, taking full title of the property at that time.
Along with project development partner California Sunrise, Clear Skies Solar purchased the Cantil property from a private land holder. The farm will produce electricity that will be sold under a legal contract known as a Power Purchase Agreement between Clear Skies Solar and the local utility company. Under this contract, the electricity produced at the farm will be sold for 20 years to the utility company at approximately $0.12 per kWh escalating at approximately 1 percent per annum.
The solar company expects to see recurring revenue from this management arrangement. The environmental impact study has been completed and found no evidence of protected desert wildlife.