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Puerto Rico
The Yabucoa Solar Project is a 30MW AC photovoltaic ("PV") project in the Municipality of Yabucoa, Commonwealth of Puerto Rico. Energy and green credits from the project will be sold to the Puerto Rico Electric Power Authority ("PREPA") under a 20-year Renewable Power Purchase and Operating Agreement that also provides for direct interconnection in close proximity to the project site. The project is located on land leased from the Puerto Rico Land Authority ("PRLA") for 40 years.
On February 25, 2011, we signed a 30MW solar PPA with PREPA for a term of 20 years commencing on the commercial operations date and providing an energy payment and green credits payment.
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