By Renewable Energy Focus staff

AES Solar says it intends to move the solar power project forward and will work with San Diego Gas & Electric (SDG&E) to fulfill its obligations under the power purchase agreement.

The transaction comes on the back of NTR’s solar manufacturing company, Stirling Energy Systems’ (SES), recent move to delay the original deployment schedule of SunCatchers, ensuring that the project will deliver its full potential of solar power in the near-term.

Jim Barry, NTR’s CEO, says: “I am very pleased that the Imperial Valley Solar Project will be brought to the next phase of development by AES Solar. They have a significant pedigree in developing solar projects and through their efforts, we are confident that the value created by Tessera Solar in this project will be enhanced for NTR shareholders over time.”

AES Solar, a joint venture between the AES Corporation and Riverstone Holdings, develops, finances, constructs, owns and operates utility-scale solar power plants globally.