Highway 62 RICE Ca Vidal, CA 92280

Listing office Sun Valley Equities, Inc. j***@aol.com Show Phone

Listing date Jul 13, 2017

Source Crexi

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Investment Insights

Based on property information with market context.

The Rice Airfield property features completely flat terrain with a slight slope towards the Southeast. The land is described as 'previously disturbed'. It benefits from ample water resources and is located approximately 7 miles from an approved transmission tie-in location. The site has documented intense sunshine coverage and a proven history of obtaining California Energy Commission approvals for constructing a 150MW CSP facility. A suggestion from the Bureau of Land Management proposes dividing the property into three smaller, separate photovoltaic electricity facilities, each under 50 Megawatts. According to the BLM, 49 Megawatt Photovoltaic Electricity production facilities can be approved by the county without needing the California Energy Commission’s review or approval.

Key Highlights

• Proven ability to gain California Energy Commission approvals for a 150MW CSP facility.
• Bureau of Land Management suggestion to divide the property into three (3) smaller photovoltaic electricity facilities (under 50MW each) for faster county‑level approval.
• County approval process for under 50MW photovoltaic facilities bypasses the California Energy Commission, significantly reducing approval time.

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FAQs

What type of property is this?

Alt. Energy / Solar Land - Flat land suitable for solar energy development near transmission tie-in.

Where is this alt. energy / solar land located?

The property is located at Highway 62 RICE Ca Vidal, CA.

What is the asking price?

The asking price for this property is $25,000,000.

What are key features of this property?

This property features: Proven ability to gain California Energy Commission approvals for a 150MW CSP facility.; Bureau of Land Management suggestion to divide the property into three (3) smaller photovoltaic electricity facilities (under 50MW each) for faster county‑level approval.; County approval process for under 50MW photovoltaic facilities bypasses the California Energy Commission, significantly reducing approval time.