Broadlands To Lead 10MW Solar Power Project in Rajasthan, India
January 28, 2010
- First utility-scale deployment of new solar collection technology
– Broadlands Financial Group, LLC
, an international owner’s representative and construction controls services firm based in Villanova, PA, has been selected as the Owner’s Representative by India-based Entegra Limited for the construction of Rajasthan Solar One, a 10 megawatt Concentrating Solar Power (CSP) plant in Rajasthan, India. Entegra has teamed up with the Italian Consortium Solare XXI, consisting of Techint, Archimede Solar Energy, Ronda Reflex and Duplomatic Oleodinamica, to supply their innovative solar collectors capable of utilizing molten salts as an environmentally-friendly and higher efficiency replacement for oil. Rajasthan Solar One will be the first major utility-scale deployment of this new technology.
Broadlands Financial Group will lead the international project team for Rajasthan Solar One, providing a unique system of contract negotiation, design optimization, schedule controls, and open-book accounting which provides project developers, lenders, and equity partners the oversight and industry experience required to deliver large renewable energy projects on time and on budget. The project will consist of a 10MW solar field of parabolic trough mirrors using molten salts as a heat transfer medium as well as providing eight hours of thermal energy storage.
Broadlands Executive Vice President, Bryan Fortay, said Broadlands is quickly becoming the international leader in owner, lender and investor controls and project management in the renewable energy marketplace. “Project owners and lenders see real value in the experience we bring to the table and the strategies we carry out to maximize return on their renewable investment,” Mr. Fortay said.
Broadlands has recently been engaged to provide a variety of project controls, program management and consulting services. Broadlands is providing owner’s representative and program management services on the 10.6 MW photovoltaic PA Solar Park One in Carbon County, PA, supporting the development initiatives of a major governmental entity on a 106MW wind project in the eastern United States and providing a variety of post construction services on a 5 MW concentrating solar tower project in California, to name a few.
“For twenty years we have been implementing development and project controls that ensure the on-time, on-budget delivery of construction projects. Our renewable energy clients are benefiting from our ability to drive project costs down and maximize investment returns and many others are taking notice,” Fortay said. “Now we have a one-of-a-kind opportunity to work with the Entegra team and support Entegra’s investment in solar power.”
Broadlands Financial Group will lead the international project team for Rajasthan Solar One and provide the same program of financial and construction controls that has proven successful on Nevada Solar One, a 64 MW CSP plant currently operating near Boulder City, NV. A unique system of contract negotiation, design optimization, schedule controls, and open-book accounting provides project developers, lenders, and equity partners the oversight and industry experience required to deliver large renewable energy projects on time and on budget.
The construction and finance professionals at Broadlands Financial Group, LLC have been providing loss controls to owners, lenders, sureties and government agencies for nearly 20 years. An industry-leader within renewable energy, Broadlands is currently representing owners and lenders on nearly one billion dollars of energy projects.
For more information visit: www.broadlandsfinancial.com
Direct: +1 (610)660-5120
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