Tessera Solar has sold its Calico solar energy project in California to K Road Power, an independent power developer focused on utility-scale solar projects.
The move follows Southern California Edison’s plan to terminate an agreement with Tessera to buy power from the proposed Calico solar plant.
The solar-thermal power project, to be built on public land managed by the Federal Bureau of Land Management, was approved by state and federal regulators in October this year.
Tessera Solar said that it continues its efforts with securing project equity and satisfying the required compliance work on the Imperial Valley Solar Project near El Centro, California.
Tessera Solar is an independent power company and developer, builder, operator and owner of large utility-scale solar power plants.
The company’s first plant, Maricopa Solar, began operations in Arizona in January 2010. With two of the world’s largest solar plants in California, Tessera Solar is changing the way people think about solar as the preeminent renewable energy source for the 21st century.
Our philosophy is simple: work in partnership with public and private stakeholders to build affordable and truly sustainable power facilities that deliver economic development and clean, predictable power to communities.
Concentrating Solar Power (CSP) is one of the most promising sources of renewable energy for the 21st century. Tessera Solar is the exclusive developer and operator of the SunCatcher™ solar dish Stirling system developed by Stirling Energy Systems, Inc. (SES).
Tessera Solar International has been incorporated into SES activities.
Statement on Calico Solar Project Acquisition
K Road Power, an independent power developer focused on utility-scale solar projects, has acquired the Calico Solar Project from Tessera Solar. The transaction secures the continued development of Calico Solar, job creation when the Project enters construction and the generation of solar energy when the plant begins operations.
"Calico Solar is one of the premier solar sites in the U.S. and we are extremely pleased that it will be developed and built by K Road," said Robert Lukefahr, Tessera Solar CEO. "K Road is a group of highly experienced and highly successful power developers with a track record over several decades of bringing large scale projects to fruition."
Key Tessera Solar staff working on the Project are transitioning to K Road to maintain project knowledge and consistency.
For more information on K Road Power’s acquisition of Calico Solar, read their press release.
Tessera Solar continues its efforts with securing project equity and satisfying the required compliance work on the Imperial Valley Solar Project near El Centro, California.