Q Cells, investor and developer of solar energy and battery storage projects, announced this Wednesday it reached completion of a solar project in Texas. Consequently, the project has begun commercial operations, interconnecting and bringing renewable electricity in the North ERCOT load zone.
Firstly, the project is called Coniglio Solar Project. It locates in Fannin County, Texas. The project comprises 404,712 Q.PEAK DUO L-G8.2 415W solar modules, supplied by Q CELLS America Inc. In addition, it features 42 inverters. Overall, the project has a total rated capacity of 168 megawatts.
Moreover, the project is the largest in Q Cells’ operating portfolio to date in the United States. It generates enough power to meet the needs of approximately 30,000 homes.
On the other hand, Tenaska led the tax equity investment for the project. Also, Tenaska’s power marketing affiliate, Tenaska Power Services Co., serves as the qualified scheduling entity for the site’s electricity dispatching.
According to the statement, Q Cells acquired the project back in 2020, in a mid-development stage. The company then completed the financing work, the interconnection, land, revenue contracting, engineering, and procurement. In fact, the project’s construction began in June 2020; thereafter, Q Cells reached mechanical completion in June 2021.
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Q Cells on a growth path as a vertically integrated solar leader
Indeed, the project is an important one for Q Cells’ portfolio. Not only because of its scale but because it further cements its position as a leading turnkey solar solution provider across all segments of the global solar industry. After this milestone, the company has solid vertically integrated expertise extending all the way from module engineering to development, financing, EPC, and power plant operation.
Consequently, the company is getting ready to expand such a growth further. About such matter, JK Lee, president of Q Cells USA, said. “We are very excited to combine our capabilities with the world-class team at Tenaska on the tax equity financing of this transaction, further establishing Q CELLS as a leader in solar in North America.”
He also remarked. “We look forward to continuing to grow our solar portfolio and expanding into energy storage with our strong pipeline of development projects.”
Finally, Dave Kirkwood, Tenaska senior vice president of finance, noted. “Providing tax equity and power marketing services for the project is a natural fit for Tenaska, which has a 30+ year proven record providing energy marketing services and developing, owning, and operating power plants throughout the state.”