A subsidiary of private investor Pine Gate Renewables LLC is seeking the approval of the Federal Energy Regulatory Commission to lease the roughly 75-MW TWE Bowman solar project in Orangeburg County, S.C.
The project is currently under development and is expected to start generating power in February 2020, with a target commercial operation date in May 2020. Its output will be sold to Dominion Energy Inc. subsidiary Dominion Energy South Carolina, Inc., formerly known as South Carolina Electric & Gas Co., under a 21-year power purchase agreement.
Following the transaction's close, an entity called TWE Bowman Solar Project LLC will continue to own the facility and the lessee, PGR Lessee L LLC, will have operational control in exchange for rental payments. Both Bowman and the lessee will continue to be affiliates of each other and to be subsidiaries of Pine Gate Renewables.
The lease transaction will take effect on the date the project is placed into service.
FERC was requested to approve the lease transaction by Jan. 21, 2020. (FERC docket EC20-22)