Ranger Power and Swinerton Renewable Energy bring the 149-MWAC River Fork Solar Project to Sheridan and Parma Townships in Michigan. DE Shaw renewable investments (DESRI) is funding the River Fork project.
“We are excited to expand our clean energy portfolio in Michigan,” said Bryan Martin, executive chairman of DESRI. “It has been a pleasure to work with Ranger Power, Consumers Energy, DTE, Bank of America and our line of lenders to realize the goal of bringing more green energy to the state.”
River Fork has a 20-year power purchase agreement (PPA) for 100 MWAC with Consumer Energy and 25 years (PPA) for 49 MWAC with DTE Energy (DTE). The facility is expected to generate enough clean energy to power approximately 30,000 households annually.
“River Fork represents a major investment in this community, creating jobs and tax revenue to support critical services such as police and fire services for Calhoun and Jackson counties,” said Paul Harris, co-founder and president of Ranger Power. “Solar projects like River Fork provide residents with clean, reliable renewable energy. We are proud to work with all stakeholders for River Fork as we continue our community-first approach to building solar in the state of Michigan.”
Swinerton Renewable Energy will serve as the engineering, procurement and construction contractor and Ranger Power is developing River Fork. SOLV will provide ongoing operations and maintenance services to the facility once it is operational.
News from DE Shaw Renewable Investments