NADB signs US$77.4 million loan with Imperial Valley Solar for 23MW plant in California

Facebook
Twitter
LinkedIn
Reddit
Email

Imperial Valley Solar Company 1, a subsidiary of SunPeak Solar, received a US$77.4 million loan agreement from the North American Development Bank (NADB), which will go towards the construction of a 23MW solar power plant in Niland, California. Fixed-tilt polycrystalline silicon PV modules will be installed over a 123 acres located in the Imperial Irrigation District (IID).  The Border Environment Cooperation Commission (BECC) certified the solar project on June 6.

The project will see IID purchase 20MW of the energy produced by the solar plant. IID noted that last year, it had reached its highest peak demand of 1,104MW and therefore expects the solar park to potentially provide 1.2% of its total energy requirements.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We have been working to build partnerships in the renewable energy sector, with both public entities and private companies and with the signing of this loan we are opening a new chapter in the evolution of the Bank that will help us move forward in the development of renewable energy projects,” stated NADB Managing Director Gerónimo Gutiérrez.

Read Next

September 19, 2025
The Solar Stewardship Initiative (SSI) has adopted a new set of binding targets and reporting requirements for its PV manufacturing members.
September 19, 2025
Australia has committed to cutting greenhouse gas emissions by 62-70% below 2005 levels by 2035, Prime Minister Anthony Albanese announced on Thursday (18 September).
September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA