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K Road And SunPower Complete 25-Megawatt McHenry Solar Plant For Modesto Irrigation District

"The McHenry Solar Plant created jobs and economic opportunity in Stanislaus County during its seven months of construction, and is now delivering 25 megawatts of solar power to MID's customers, helping to meet the region's growing energy demand," said SunPower President Howard Wenger. "SunPower is pleased to provide our partners with reliable and leading technology that delivers more power than competing technologies over the life of the system."

About Modesto Irrigation District

The Modesto Irrigation District (MID), located in California's Central Valley, provides electric service and irrigation water and treats surface water for drinking. MID is an independent, publicly owned utility providing benefits that include community ownership, control by a locally-elected Board of Directors, and business operation on a not-for-profit basis. MID is committed to providing reliable service at the lowest cost possible.

MID's electric service area includes the greater Modesto area north of the Tuolumne River, Waterford, Salida, Mountain House (Northwest of Tracy) and parts of Ripon, Escalon, Oakdale and Riverbank.

About K Road Power

K Road Power is an independent power developer focused on developing, financing, owning and operating utility‐scale solar projects. Founded and led by William Kriegel, K Road's senior management is made up of long time power sector professionals from Sithe Energies, AES Corporation, Barclays, and Goldman Sachs. Together, K Road principals have a 25‐year history of successfully developing and safely operating over 20,000 megawatts of conventional and renewable power assets, consistently creating exceptional value for both shareholders and project stakeholders. K Road promotes sustainable, renewable energy development with a focus on reliability and efficiency in concert with environmental and social responsibility. K Road has offices in New York City and San Francisco. In August 2011, Barclays Natural Resource Investments ("BNRI"), a division of Barclays Bank PLC, entered a partnership with K Road Power to equity fund the continued development, construction, and operations of K Road Power's utility-scale solar portfolio.  BNRI partners with top quality management teams to invest in the global natural resources space, particularly upstream oil & gas, mining, power & renewables.  It was founded in 2006, has as of April 2012 committed $2.1 billion equity across 22 portfolio companies and management teams. For more information, please visit www.bnri.com.  For more information on K Road Power, go to www.kroadpower.com



Stock quotes in this article: SPWR 

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