Orme Ranch and the YMCA also have grazing rights on the state trust land.Īs a tourist attraction, McWhorter wonders what the solar panels will look like from Arcosanti. McWhorter also is concerned about the impact on wildlife and whether the solar panels will interrupt migratory patterns.Īrcosanti also has grazing rights on 3,000 acres of the state trust land, which is subleased to a local farmer. He said the biggest concern is the impact on the watershed, as the Agua Fria River runs through the property. Patrick McWhorter, president and CEO of the Cosanti Foundation, has concerns because the state trust land that Candela Renewables plans to use is adjacent to Arcosanti, which is run by the Cosanti Foundation. He noted that APS is mandated to use more renewable energy. Gregory believes the initial investment for Candela Renewables would be about $400 million if the project is approved. Yavapai County Supervisor James Gregory, who represents the district where the state land is located, said he wants more information before he supports the project, but he added that this could be the future. Representatives of Candela Renewables gave a presentation to the Yavapai County Board of Supervisors and have spoken with stakeholders, including the Cosanti Foundation and the Upper Agua Fria Watershed Partnership. Stakeholder concerns include potential impact on water quality and wildlife, particularly pronghorn. Zoning and land use applications will be filed with the county in coming months,” it read. “When fully permitted, the company will begin construction of the 450 megawatt photovoltaic facility, which is planned on Arizona State Trust Land.
The statement said the development team is in the early stages of planning the project. Ian Calkins, spokesman for the Dugas Solar Project for Candela Renewables, issued a statement stating that Candela Renewables develops utility-scale solar generation projects in North America and markets the energy to utilities seeking to procure renewable resources for their customers. This area is enticing to solar companies because of the nearby Dugas Substation where they can join the grid. Solar Frontier, another solar firm, has completed an application for 800 acres in part of the same area. A portion of any state trust land transaction would mean more money for public education, as required by state law. The proposed solar project southeast of Prescott would span both sides of Interstate 17 on 4,680 acres of state trust land, about three miles north of Cordes Junction. If approved, Candela Renewables may lease the land for 45 years, according to the application. Cherry said there is no timeline for approval or denial of the request. ($1 = 0.The proposed solar project would span both sides of Interstate 17 on 4,680 acres of state trust land, about three miles north of Cordes Junction.San Francisco-based Candela Renewables has proposed a multi-million-dollar solar project near Dugas that would bring electricity to 168,000 homes, more money into the tax base for Yavapai County, and create jobs.ĭave Cherry, public information officer for Arizona State Trust Land, confirmed that Candela Renewables has submitted an application to use the land for the Dugas Solar Project. The Barcelona-born firm has cut costs, moved out of several countries and declared its intention to focus on renewable power sources and electricity grids in countries with stable regulation and macroeconomic conditions. Naturgy’s earnings have been crimped over the last year as the coronavirus pandemic sapped energy demand, weighing on gas prices already floundering due to oversupply. Its team has brought more than 26 utility-scale projects online in the United States, according to its website, which names Apple and Microsoft among offtakers for those projects. It specializes in renewable energy generation and storage.
President-elect Joe Biden has pledged to bring about a “clean energy revolution,” shifting the world’s biggest economy to a much greater reliance on wind and solar power generation.Ĭandela Renewables, which is based in San Francisco and was founded in 2018 by former First Solar employees, is valued at $80 million-$100 million, one of the sources said. market and set Naturgy on a path to investing about $1.8 billion in clean energy projects in the next five years, one of the sources said. The deal will serve as a springboard to the U.S. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder.
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