Acquisition One

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plant capacity: 

128 MWDC

operation date: 
2020

US Solar Fund (USF) closed the acquisition and financing of 100% of the cash equity interest in the 128MWDC the Milford Solar Project (Milford, the Project) on 2 September 2019. Construction began in September 2019 at close and the project reached its commercial operations date in November 2020.

Milford sells 100% of the power and renewable energy credits generated at a fixed price for 25 years to PacifiCorp, a wholly owned subsidiary of Berkshire Hathaway Energy. PacifiCorp has contracted to sell all the renewable attributes associated with the Project to a retail customer. PacifiCorp is a US electric power company that primarily operates regulated utilities with a service territory across the US states of Oregon, Washington, California, Utah, Idaho and Wyoming.

USF acquired Milford from developer Longroad Energy Partners, LLC (Longroad). The Longroad team has a track record of developing and financing more than 5GW of utility-scale renewable energy projects since 2004, including over 1GW in the state of Utah.

Milford was constructed on a fixed-time and fixed-cost basis by McCarthy Building Companies, one of the largest construction companies in the US with over 2.8GW of solar and energy storage projects designed, constructed or completed since 2013.

The Project is using First Solar Inc.'s high-performance Series 6 solar panels and First Solar Energy Services is expected to provide operations and maintenance services under a separate long-term contract.

Number of plants: 
1

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