BlueChip Energy buys land for 40MW solar farm



BlueChip Energy has bought a large plot of land in Lake County, Florida for the development of a 40MW solar farm. When completed, the ground-mounted system will be the largest in the state and generate around 64-million kWh of electricity per annum.

The 140-acre site is located 50 miles northwest of Orlando and is located adjacent to two utility service stations. BlueChip had originally planned to lease the land but later decided to purchase it outright in order to enhance the project’s bankability; construction will cost around US$200 million.

Demitri Nikitin, president and CEO of BlueChip, said, “As an independent power producer, BlueChip Energy supports the objective of economically and environmentally reducing Florida's dependence on fossil fuels and achieving goals for renewable energy generation. This project is part of our ongoing commitment to provide solar energy for the Sunshine State.”

Advanced Solar Photonics will supply three-quarters of the system's 140,000 panels and the energy produced is to be sold through a mixture of local and regional power purchase agreements.

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