Project Name: Murphy Phase III
Location: Gainesville, FL
Completion time: November 2013
Annual power generation: 338.48MWh
Selling time: April 2015
Murphy Land Holdings III ("MLH3"), located in Alachua County, Florida, is the second large-scale ground power station project that Hanergy acquired and constructed in the United States.
The MLH3 project is 1.05 MWDC/1.00 MWAC in scale andgenerates electricity at the end of 2013. The project power generation is sold to the Gainesville Regional Utilities Company (“GRU”) in a form of Feed-in-Tariff (“FiT”)for a period of 20 years,withlong-term stability of revenue.
The project appliesMiaSole glass-based components to build a good demonstration of CIGS technology components. The Hanergy America team has accumulated valuable experience in the design, installation, operation and management of the MiaSole component ground power station project.
Hanergy America cooperated with local banks in the United States and successfully obtained financing for the project, which laid a good foundation on Hanergy's financing for various businessin the United States. In May 2014, the project received a 1603 cash rebate subsidy from the U.S. government.
In May 2015, Hanergy Americareached an agreement withan asset management company Greenbacker Renewable Energy Corporation (Greenbacker's business philosophy is focused onenergy projects for financing, owning and operating various renewable energy sources, and improving energy efficiency and sustainabledevelopment.) in New Yorkto complete the sale and payment collection of the MLH2 and MLH3 ground power stations. In this way, the complete cycle of development, financing, construction, operation and sales of the Hanergy thin-film component project in the United States was achieved. Through the operation of the project, the Hanergy America team has a deeper understanding of the US photovoltaic market, and has established solid experience and extensive cooperation networks for the construction, financing, and sales of ground power station projects in the future.