BayWa r.e. has closed financing for the Jacumba Valley Ranch (JVR) Energy Park solar + storage project in San Diego County, California, that was first announced in 2021. Construction is now underway for the 127-MWDC solar, 280-MWh storage project, and the system is expected to come online next year.
“Today, BayWa r.e. Americas celebrates the result of years of collaboration with our partners and stakeholders. Our team, local officials, permitting and financing partners, and our EPC and construction teams shared a clear goal: deliver a reliable, cost-efficient energy project that adds new capacity to the grid and creates lasting value for San Diego County,” said Geoff Fallon, Interim CEO and COO of BayWa r.e. Americas. “Breaking ground on JVR Energy Park reflects that shared effort, and we’re deeply grateful to everyone who helped make it possible.”
The JVR Energy Park will create over 350 union construction jobs through project labor agreements, with long-term operational roles to follow. The project will generate labor and supply chain activity while boosting demand for local services such as lodging, fuel, and dining. Over its lifetime, JVR will contribute property tax revenue to support local schools, roads, and essential public services.
BayWa r.e. has also committed $4 million in direct investment to Jacumba Valley, which is being directed by input from the Jacumba Community Sponsorship Group, the County of San Diego and a local resident survey. A fire protection agreement with the San Diego County Fire Authority designates five acres of project land for a new Jacumba fire station. The project also includes a 435-acre biological open space easement and avoids sensitive habitats, wetlands and jurisdictional waters.
News item from BayWa r.e.
