CPS Energy has finished the final 10 MW component of a 30 MW solar plant partnership with SunEdison. The 124-acre Somerset solar farm in Somerset, Texas, contains 44,280 single-axis tracking photovoltaic panels.
In June, the partners celebrated the first 20 MW of their initiative at the newly completed Centennial Solar Farms 1 and 2, located in southern Bexar County at the San Antonio Water System Dos Rios Water Recycling Center.
Under a power purchase agreement, CPS Energy will buy the energy produced at the solar farms from SunEdison at fixed energy rates for 25 years. SunEdison was responsible for the financing and construction of the project. Citi financed all 30 MW of the SunEdison/CPS Energy projects, which included both the Centennial and Somerset solar farms.
