This week the parent company of Recurrent Energy, Canadian Solar, said that Recurrent had signed a build-transfer agreement (BTA) for a base purchase price of approximately $138.4 million with Entergy Mississippi for a 100-MWac solar PV project in Sunflower County, Mississippi.
The company said that this is one of the first solar BTAs to be signed in the U.S. and that the agreement is expected to provide Entergy with the largest utility-owned solar facility in the state of Mississippi, pending approval by the Mississippi Public Service Commission.
The 100 MWac Sunflower solar project, located on approximately 1,000 acres, will use single axis trackers and is expected to be operational by mid-2022. Entergy Mississippi will own the project.
“Across the globe, we continue to witness an evolution in the relationship that utilities have with solar energy,” said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. “This agreement marks one of the first build-transfer agreements for solar to be executed in the U.S., and we are very proud to have partnered with Entergy on this landmark deal.”
Learn more about utility-scale solar in the “All Things Solar” track at POWER-GEN International, set to hit Orlando, Florida, December 4-6, 2018.