Vasari Energy to build 68MW solar power project in Arizona

California-based solar energy provider Vasari Energy, Inc. is planning to develop a project with up to 68 megawatts (MW) of solar power in the 450-acre land it has recently purchased in Maricopa County, Arizona in the US.

Vasari Energy estimates the selling price will be approximately US$13.6 million once the project is fully permitted and engineered.

Sonoran Solar Development Partners, LLC, a wholly owned development partnership of Vasari Energy Inc., will be developing the project. Construction is expected to begin in October 2019, and expected to be operating and delivering power by October 2020.

“Our development team consists of some of the best environmental experts, transmission engineers and permitting specialists in the industry to allow us to obtain all approvals as quickly as possible,” said Sam Lipman, Vice President of Vasari Energy, Inc. “This project will allow Vasari Energy to get closer to its objective of US$500 million of solar projects under development in 2017.”

Vasari will develop the project and either sell it to a financially capable buyer at the time it is fully engineered and permitted or construct and operate the project creating both economic investment and renewable power.

Vasari’s current pipeline of solar energy projects has an estimated power potential of 200 MW in California, Arizona,Nevada, and Texas, and with a build out value of approximately US$280 million. Through its various investments, Vasari Energy aims to reach operating capacity of 700 MW by the end of 2020.