Developer Of ERCOT Solar Project Exploring PPA Options, Retain Advisor
May 27, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Misae Solar is exploring PPA options for Misae Solar Park II, a 517 MWac/692 MWdc solar project and described as, "one of the largest solar investment opportunities in ERCOT and in the US."
Misae Solar has retained Preston Ochsner and Ochsner Interests Inc. to help the company explore PPA options for the project
The project will interconnect to the Tesla Substation’s 345 kV line, and the power can be delivered as a fixed shape to the ERCOT North 345KV Hub.
The minimum PPA size is 172 MWs.
The project, which is ready to be built, is expected to reach COD in December 2022
Ochsner noted that, "This project has been designed to maximize production in the peak hours of July and August. This will help protect retail energy providers from the inevitable price spikes that are going to continue to occur during those months. Those price spikes are going to increase in frequency and duration as more renewables come onto the grid."
"It is a clean, well-run development with some of the best economics I have seen. We can work this deal privately - outside of an auction," Ochsner said
"The owners have a track record of successful development in Misae Solar I which was bought by Copenhagen Infrastructure Partners (CIP). CIP later sold a portion of the project to Ingka Group, a strategic partner to the IKEA franchisee system," Ochsner said