29.27 acre cash-flowing property located in the Angeles Summit, LLC Solar development. The project is a 200 megawatt AC solar energy generating and battery storage facility. The project will use best in class bifacial solar modules mounted on a single axis tracking rack system. The development will include a 400-megawatt-hour lithium-ion battery storage component. The farm has a target operation date in the summer of 2022.
San Bernardino APN: 3129-141-01-0000
Cash Flow: $14,635 per year, years 1-3, then $43,905 per year begining year 4, with 2% annual escalation for years 25-35. All payments made quarterly.
30-Year IRR: 13.24%
Lease Term: 25-year initial term, with two 5-year optional extensions