Summary
In December 2011, MidAmerican Energy acquired stakes in two ambitious solar power projects in the US. On December 7, 2011, MidAmerican Energy announced purchase of 100% stake of First Solar's 550 MW Topaz Solar power plant in San Luis Obispo County, California. On December 16, 2011, MidAmerican Energy announced a deal to purchase a 49% stake in the 290-MW Agua Caliente solar project in Yuma County, Arizona from NRG Energy (NRG). First Solar had acquired the Agua Caliente solar project from NextLight in June 2010.
Scope
- Scope Includes analysis of the deal rational, impact of the deal and an analysis on the companies involved in the deal
Reasons to buy
- The deal analysis provides a brief analysis of the drivers behind the deal to acquire large scale solar project and key operational and financial details of the PV projects
1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 1
2 Summary 1
3 MidAmerican Energy Acquires Stakes in the Topaz and Agua Caliente Solar PV Projects 1
3.1 Deal Overview 1
3.2 Deal in Brief 1
3.3 Comparable Deals 2
3.4 Key Drivers of the Deal 2
3.4.1 Long Term Power Purchase Agreement 2
3.4.2 Renewable Portfolio Mandate 2
3.4.3 Decline in PV Module Prices 2
3.4.4 Secured Project Funding 2
3.4.5 Features of Topaz and Agua Caliente Solar PV Projects 3
3.4.6 About the Companies 3
4 Appendix 4
4.1 Abbreviations 4
4.2 Methodology 4
4.2.1 Coverage 4
4.2.2 Secondary Research 4
4.2.3 Primary Research 4
4.2.4 Modeling and Forecasting 4
4.3 Contact Us 4
4.4 Disclaimer 5
1.1 List of Tables
Table 1: Comparable Deals 2
Table 2: First Solar, Average Selling Price ($/watt) 2
Table 3: Solar Projects Detail 3
Table 4: Abbreviations 4