Advanced power selected Bechtel, an engineering and construction company, to build a 140 MWdc Cutlass solar project in Ford Bend County, Texas. The solar PV installation will be built on a 700-acre site and will employ more than 200 people at its peak. The solar farm is expected to come into commercial service in 2022. Cutlass Solar is the fourth project and the first renewable energy facility that Bechtel will supply for Advanced Power. The team is currently building the South Field Power Plant in Ohio and previously completed the Cricket Valley Energy Center and Carroll County Power Plant using natural gas, a low-carbon energy source to help the transition away from coal.
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Advanced Power recently announced that it has received funding from CIT Bank, NA, Credit Agricole Corporate & Investment Bank and Amalgamated Bank and CIT acted as lead arranger, administrative agent, guarantee agent and custodian bank for the transaction. Advanced Power will act as a construction and asset manager for Cutlass Solar which, once commercial operations are completed, will sell energy and renewable energy credits on the ERCOT market. “We are pleased to continue and expand our long-standing development partnership with Advanced Power into renewable energy as we continue to transform and grow our clean energy business,” 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 welcome Bechtel on this journey and to leverage 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, Managing Director of Bechtel Infrastructure Americas. “We are delighted to continue this partnership to build renewable solutions for communities and to achieve our country’s energy transition goals.”
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