Gray Hawk flies in Arizona
Construction underway of 46MW PV plant that will come online in Q2 2018
DE Shaw Renewable Investments and Torch Clean Energy have reached financial close and started construction of the 46MW Gray Hawk solar farm in Arizona.
The project, which is located near the town of Kingman, is expected to reach commercial operation in the second quarter of 2018.
Financing for the construction was provided by Santander and Siemens Financial Services, while Citi provided a commitment for tax equity financing.
Swinerton Renewable Energy will serve as the engineering, procurement and construction contractor, with its subsidiary SOLV providing operations and maintenance when it is operational.
UNS Electric, a subsidiary of UniSource Energy Services, will buy electricity from the plant under a 25-year power purchase agreement.
DE Shaw Renewable Investments chief executive Bryan Martin said: “We are very excited to add another project to our clean energy portfolio in Arizona.
“We look forward to working with our partners on Gray Hawk to add to the state’s renewables footprint.”