Boston-based not-for-profit energy company Citizens Energy Corp. has sealed a tax equity commitment to finance a solar project in California.
U.S. Bank will provide the financing for the 30 MW Citizens Imperial Solar unit, which is located in Calipatria, according to paperwork filed with the U.S. Federal Energy Regulatory Commission on July 22.
Citizens expects to bring the facility online on or around Aug. 10. The non-profit has 110 MW of operating assets under its control across the U.S.
Citizens is developing the project through a subsidiary called Citizens Enterprises Corp., which will sell 10 MW of the project's output to its own parent company under a 23-year power purchase agreement.
The Imperial Irrigation District will buy the remaining 20 MW under another 23-year contract.