Changzhou, China [RenewableEnergyWorld.com] Trina Solar Limited has been selected by Renewable Ventures, a Fotowatio company, to supply modules for a 2-megawatt (MW) solar photovoltaic (PV) project in Fort Collins, Colorado. Shipment under this agreement has already started.
AMEC, an international engineering and project management company, will construct a 15-acre solar array on the Foothills campus of Colorado State University (CSU). The project is expected to be one of the largest solar installations at a U.S. university.
The system is being developed under a 20-year power purchase agreement with Renewable Ventures and is projected to generate sufficient solar power to provide more than 10% of electricity needs for the university’s Foothills campus.
This project is the first to be financed under Renewable Ventures’ Solar Fund V, a $200 million fund designed to finance and develop around 35 MW of solar projects in the next year. The fund is structured to include both debt from John Hancock and equity from Renewable Ventures and Wells Fargo, and will enable the construction and permanent financing of around 35 MW in 2010.
“Trina Solar is pleased to partner with Renewable Ventures and AMEC to build clean, green renewable projects across the United States and Europe,” said Arturo Herrero, vice president of sales and marketing at Trina Solar. “We believe Colorado State University’s large solar installation and commitment to green campus efforts will further encourage solar adoption at other universities throughout the United States.”