Longroad Energy’s Sun Streams 2 project has completed financing and entered commercial operations in Maricopa County, Arizona. The company owns 100 per cent of the 200 MW project and they acquired it from First Solar, the original developer and supplier of the project’s Series 6 modules. They have entered into a 20-year revenue agreement with Microsoft Corp. for the energy, RECs and capacity of the full project to support the renewable energy goals of their new sustainable data centre region, West US 3.
The project was built by McCarthy, the trackers were supplied by Nextracker and the inverters were supplied by SMA. The company’s affiliate, Longroad Energy Services, is providing remote monitoring services to the project over the long term. Sun Streams 2 is one of four Maricopa County-based projects that the company acquired from First Solar. The PV and storage portfolio totals approximately 900 MW, with the potential for 1-2 GWh of battery storage. Sun Streams 3, 4 and 5 are development projects with target operational dates between 2022 and 2024. These projects are ideally positioned to accommodate a variety of off-take structures, with or without storage.
The projects are expected to generate over 40 million dollars for Arizona’s schools via a long-term lease with the Arizona State Land Department, as well as over 5 million dollars in tax revenue.