Posted by: jbarnesca | January 18, 2010

Nextlight Renewable Power, LLC

In the recent posts about the many large solar PV farms and other renewable energy plants being developed in California, the so called 244 programs, one recently new developer deserves special mention.  NextLight Renewable Power, LLC  headquartered in San Francisco, CA.

This company has a good core of people and is nicely associated with a financing group to assure that they secure the funds for their projects at the proper rates for good IRR to the investors and the ownership group.

NextLight Renewable Power, LLC is a wholly owned portfolio company of Energy Capital Partners (ECP), a private equity firm dedicated to investing in energy businesses and infrastructure assets across North America.

 

The solar farms in development and structure of  Nextlight makes it a formable developer for large solar farms in CA, as you can see by looking at their site for the projects underway.

Their penetration of projects in Nevada is great, and they are now in Az and even Co for new projects.

In California there seems to be a particular love of Kern County in some of their projects, and almost all of their solar PV farm projects are at the size level to require considerable skills in reaching an acceptable PPA rate deal with SCE and specific approval from the CPUC.

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