Solar PV, North America
A 58 MWac solar PV system located in Rich County, Utah.
Sage is a 58 MWac solar PV system located in Rich County, Utah. The project was acquired by Copenhagen Infrastructure Partners (CIP) on behalf of CI III from a local developer in April 2017 as part of a larger portfolio. Sage began construction in August 2018 and commenced operations in September 2019. The project is tax equity financed by Wells Fargo.
Implementation of the project included the installation of approximately 636,000 thin film PV solar panels on framed steel pole support structures, associated electrical equipment, a substation, and an operation and maintenance (O&M) building.
The solar modules are mounted on a horizontal single axis tracker with rows of modules oriented north and south to track the sun from east to west throughout the day. In order to connect to the offtaker’s transmission grid, the project financed a grid upgrade at the cost of USD 10m, which increased the robustness of the transmission infrastructure in the area.
In 2019, CIP has successfully executed a 49% divestment of Sage at completion of construction, securing an attractive premium on the invested capital.
The project is expected to generate enough clean energy to power nearly 15,000 houses per year.
Estimated equivalent households powered annually while operational (total project)
Tonnes in CO2 emissions offset per year (total project).
Financial close (Project start):
Module supply by First Solar using proven thin-film technology. Single-axis tracking to be used as racking system.
Offsets 65,000 tonnes in CO2 emissions per year (total project).
Copenhagen Infrastructure III