Fotowatio Renewable Ventures (FRV) has closed financing and started construction work on its 30MW Webberville project. Renewable Energy Systems Americas (RES Americas) is building the system, that is being fitted with Trina Solar’s 270W crystalline modules and has a pencilled in completion date of the end of 2011.
Financial backing has come from Bayerische Landesbank, which has fully underwritten the construction debt for the project, and enabled RES Americas to forge ahead with construction. The site is located on Austin Energy-owned land in Travis County, approximately 15 miles east of Austin; Austin Energy has signed a 25-year power-purchase agreement to buy the electricity generated by the Webberville system.
“This utility-scale solar deployment is a critical component of Austin’s generation diversity and renewable energy goals,” said Larry Weis, Austin Energy’s general manager. “It is also integral to an overarching transition to a new energy economy and a commitment by the Austin community to take a leadership role in protecting our environment and promoting sustainability.”
FRV’s vice president of development, Tim Lasocki, added, “Austin Energy has been proactive and dedicated to this project and understands the incredible level of effort required to reach the point that we are at today. We believe this will be one of the highest quality solar installations in the United States and we look forward to delivering both economic and environmental benefits to the region.”