The North American Development Bank (NADB) has agreed to lend US$50.8 million for the construction of four solar farms with a total capacity of 19.5MW.
The projects, in the north west of San Diego county, are sponsored by Macquarie Infrastructure Company Solar. The electricity will be sold to San Diego Gas & Electric (SDG&E) and will be sufficient to power around 5,570 homes.
Two of the projects, totalling 10.2MW will be built on an 18.6 hectare parcel of land in the unincorporated community of Valley Center. The other two will be constructed in Ramona. All will use polycrystalline PV modules mounted on a single-axis tracking system.
The NADB has now invested US$369.4 million in 11 utility-scale solar projects in California, Arizona and Texas with a capacity of 110.2MW.