According to the company, the solar park will generate 300 megawatts of electricity and will be the largest facility of its kind that is not owned by a utility. Construction is currently expected to begin within the next 18 months, while other parts of the process, such as permitting, were said to be getting underway immediately.
"The size and scope of this venture represents a significant milestone in establishing the Company as a true market leader within the rapidly expanding solar deployment sector," said CEO David Fann.
The planned facility could generate enough power to supply as many as 60,000 homes while offsetting about 700,000 metric tons of carbon emissions each year.
The company also indicated that it plans to bid for other large-scale projects in the foreseeable future, since this would boost its profit margins by allowing the costs of photovoltaic panels and other things to be kept in check.
