Michigan is set to receive 290 MW of solar power from two separate projects following financial closure to DE Shaw Renewable Investments (DESRI) and Ranger Power. The renewable energy assets company announced yesterday its collaboration for the two projects. The first project, a 150 MW facility will be located in Hillsdale County and will be named Heartwood Solar. White Tail solar is the second project and will be 140 MW, located in Washtenaw County. Furthermore, the former project has secured Power Purchase Agreements (PPAs) with both the Michigan Public Power Agency and the Lansing Board of Water and Light.
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DESRI & Ranger Power Michigan Solar Project operation dates
The White Tail Solar project is expected to come online later this year while the Heartwood Solar plant will begin operations next year. The financiers for the project include Commerzbank, Bank of America, and Sumitomo Mitsui Trust Bank New York. Primoris Services Corporation’s renewable energy division has been appointed as the engineering, procurement and construction (EPC) contractor for the solar arrays. The Consulting Engineers Group (CEG) will undertake EPC responsibilities for high-voltage components. Fifth Third Bank and Zions Bancorporation acted as the leading arrangers for the deal.
Project Overview
Location: Hillsdale County, Washtenaw County, Michigan
Total capacity: 290 MW
Completion dates: 2025 (White Tail Solar), 2026 (Heartwood Facility)
Engineering, procurement, construction: Primoris Services Corporation, Consulting Engineers Group (CEG)
DESRI chief commercial officer Thomas de Swardt stated: “Heartwood and White Tail mark DESRI’s 11th and 12th projects in Michigan, where we have been building since 2019 through our partnership with Ranger Power.
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Benefits To The Community
At the peak of its construction, Heartwood Solar Facility will employ 300 individuals from local communities. Additionally, the joint venture has committed to investing in local causes such as the Hillsdale Community Foundation. What’s more, they have agreed to secure US$732,950 for Augusta and York townships through Michigan’s Renewable Ready Communities Fund. Ranger Power co-founder and president Paul Harris stated: “These projects, which will provide in excess of $62m in property tax payments throughout their lives. Further, they will generate low-cost, reliable and domestic energy supporting farming and economic development throughout the region.
