Opdenergy, an independent renewable-energy producer based in Madrid, has closed a $252 million project-financing package for two solar projects in the United States.
Blake, located in Jefferson County, W.Va., has an installed capacity of 100 megawatts DC (MWDC). Elizabeth, located in Allen Parish, La., has an installed capacity of 160 MWDC. Both projects, which are under construction, are expected to be operational within the next few months.
These projects are under long-term PPAs with two of the largest North American utilities. Blake holds a 15-year, 100 percent power-purchase agreement with AEP Energy Partners, Inc. Elizabeth holds a 20-year, 100 percent power-purchase agreement with Entergy Louisiana, LLC.