sPower Purchases Solar Project from Solairedirect

sPower, a prominent renewable energy provider, will be collaborating with Solairedirect to develop and own/operate solar photovoltaic (PV) projects in the U.S. Solairedirect is a growing solar company operating across four continents. As a first step, sPower will purchase a 26.5MWdc project named Adera from Solairedirect. The utility scale project, near Fresno, Calif., in Madera County, will be designed and built by Solairedirect USA Inc. and then owned and operated by sPower.

sustainabilityGroundbreaking on the Adera facility is scheduled for 2Q 2015, with the commercial operation date (COD) expected mid-December 2015. The project has a 20-year PPA with Southern California Edison (SCE).

“We’re pleased to team with best-in-class companies like Solairedirect,” said Steve Creamer, Executive Chairman and CEO of sPower. “The Solairedirect group shares our vision to develop projects that not only move the renewables industry forward, but that also supports our community partners. The Adera facility will provide local jobs and economic benefits while supporting a sustainable future for the area.”

When fully operational, the Adera facility will generate enough clean, renewable energy for nearly 3,000 homes and is expected to reduce carbon emissions by more than 31,000 metric tons annually – the equivalent of greenhouse gas emissions from 75 million miles driven by an average car.

sPower is headquartered in Salt Lake City, with offices in San Francisco and New York City and owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the United States and the UK. sPower is actively buying renewable assets in any stage of development in North America and the UK.

Solairedirect is a solar power company operating across four continents. Founded in 2006 with the mission of making solar power more competitive than other energy sources, Solairedirect has developed a distinctive scalable business model as a 100% solar power company with the aim of creating value all along the value chain from development to construction, services and investment.

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