Advanced Power has chosen Bechtel, an engineering and construction company, to construct 140-MWdc Cutlass Solar project in Ford Bend County, Texas. The solar PV facility will be built on a 700-acre site and will employ more than 200 people at its peak. The solar farm is scheduled for commercial operation in 2022. Cutlass Solar is the fourth project and first renewable energy facility that Bechtel will deliver for Advanced Power. The team is currently constructing the South Field Energy Facility in Ohio and previously completed the Cricket Valley Energy Center and the Carroll County Energy Facility using natural gas, a lower-carbon source of energy to help transition away from coal.
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Advanced Power recently announced that they had received funding from CIT Bank, N.A., Credit Agricole Corporate & Investment Bank and Amalgamated Bank and CIT acted as coordinating lead arranger, administrative agent, collateral agent and depositary bank for the transaction. Advanced Power will act as the construction and asset manager for Cutlass Solar which, upon achievement of commercial operations, will sell energy and renewable energy credits into the ERCOT market. “We are pleased to continue and expand our longstanding development partnership with Advanced Power into renewable energy as we continue to transform and grow our business in clean energy,” said Keith Hennessey, president of Bechtel Enterprises.
“ The Cutlass Solar Project represents the next chapter for our organization as we continue to work to advance a sustainable energy future. We are proud to have Bechtel on this journey and to build off existing solar expertise.” said Tom Spang, CEO of Advanced Power.“
“Working in support of Advanced Power, millions of homes are now powered by low-carbon alternatives,” said Kelvin Sims, general manager, Bechtel Infrastructure Americas. “We are delighted to continue this partnership to build renewable solutions for communities and to meet the energy transition targets of our country.”
