Solar

Tessera Puts Western Ranch Contract on Hold

Citing uncertainty over project financing, Tessera Solar has temporarily withdrawn from building a 27 MW concentrating solar power plant in West Texas.

While still seeing Western Ranch as “a very strong project,” the firm now sees “no alternative but to defer this project.”

Tessera had signed a 20-year Power Purchase Agreement (PPA) with San Antonio’s CPS Energy in June 2009, but has now withdrawn from its commitment to build the plant in 2011.

“We do not have an expected construction or completion date for the Western Ranch project at this time,” Tessera’s communications manager Janette Coates told Renewable Energy World. “The Western Ranch Solar project in Texas still exists but there is no PPA associated with the project at this time.”

The moved had been prompted by “continued uncertainty around the availability of project financing,” she said.

The planned collaboration between with CPS Energy, a municipally owned energy company, had been announced as the first Texas project for Tessera Solar. Intended to serve San Antonio, the project would have been CPS Energy’s first solar project, employing 1080 SunCatcher concentrating solar power (CSP) dishes from Tessera’s sister company Stirling Energy Systems (SES).