NRG Energy acquires 250 MW California Valley Solar Ranch Project from SunPower
Clients NRG Energy, Inc.
Jones Day represented NRG Energy, Inc. in its acquisition of the 250 MW California Valley Solar Ranch (CVSR) project from SunPower Corp. The project has received a loan guarantee of up to $1.237 billion from the Department of Energy's Loan Programs Office, which supports the deployment of commercial technologies along with innovative technologies that avoid, reduce, or sequester greenhouse gas emissions. Construction on the project began this month, with approximately 350 jobs expected to be created in San Luis Obispo County over the two-year construction period. Once completed, the California Valley Solar Ranch will power about 100,000 homes and will be one of the largest photovoltaic (PV) solar power plants in the world.