November 2 (Renewables Now) – Chicago-based investment management firm Harrison Street on Wednesday announced the acquisition of a 28-MW solar project that is currently being built on land owned by the Cincinnati Zoo in Warren County, Ohio.
Harrison Street has bought the project for an undisclosed price from developer Soltage LLC with whom it has had a separate distributed solar partnership since last year.
The engineering, procurement and construction (EPC) contractor for this project is Inovateus Solar, while a subsidiary of Nelnet Inc acts as tax equity investor. Upon completion, the solar park will be selling its output over a period of 10 years under two power purchase agreements (PPA) with unnamed counterparties.
“The Cincinnati Zoo & Botanical Garden has been working behind the scenes for over a decade to be able to leverage a portion of our farm property for a significant solar array. We are excited to finally see this dream come to fruition, furthering our commitment to clean, renewable energy,” said Mark Fisher, Vice President at Cincinnati Zoo & Botanical Garden.
This particular Zoo has a long history with renewable energy as it installed a 1.56-MW solar array over its main parking lot back in 2011.
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