Panoche Valley, California

Nevo Energy developed one of the world's largest photovoltaic solar farms to supply Northern California with clean, renewable energy and then sold the assets of the project to an entity that partnered with a major utility to build the large-scale solar farm. Nevo Energy retains a residual interest in the project. The Panoche Valley Solar Farm produces an estimated 135 MW of power per year.

The attractive project location has high solar energy and is in close proximity to high-capacity PG&E power lines.

Size: Approximately 16,000 acres of land has been secured in this location, of which approximately 4,717 acres has solar development. Approximately 2,500 acres has solar panels covering the landscape.

Location: The project is located in the Central Valley near Highway 5 and in Panoche Valley near a major transmission line. The site is in a micro-climate which the National Renewable Energy Laboratory (NREL) confirms to have high solar radiation and optimal conditions for photovoltaics.

Transmission: The transmission line connecting the Moss landing power station with the Central Valley runs directly through the property.

Demand: The State of California has increased its Renewable Portfolio Standards (RPS), the allotment of energy required to be produced from renewable sources, from 20% to 33% by 2020. The dramatic increase in allotment of renewable energy sources has created a large demand for projects that are scalable to meet significantly higher mandated demand.