- Briefing Room
|Project Name||Lookout Solar Park Project, South Dakota|
|Location||Oglala Lakota and Custer Counties on the Pine Ridge Indian Reservation, South Dakota|
|Project Sponsor / Borrower||The National Park Service|
|Value Capture Techniques||Solar Energy Use, Right-of-Way Use Agreements|
|Mode||Other: Solar Farm on the Pine Ridge Indian Reservation|
Lookout Solar Park I, LLC (Lookout Solar) proposes to construct and operate the Lookout Solar Project (Project) on 810-acres, partially located on the Pine Ridge Indian Reservation and partially located on private off-Reservation lands in South Dakota. The Pine Ridge Indian Reservation is home to almost 47,000 residents across 2.1 million acres, according to the Bureau of Indian Affairs, a division of the U.S. Department of the Interior. Upon completion in 2021, the Lookout Solar Park on the Pine Ridge Reservation, will be the biggest solar park in South Dakota. The 140-megawatt project will be located about 80 miles from Rapid City in Oglala Lakota and Custer Counties on land under the jurisdiction of the U.S. Bureau of Indian Affairs. It will interconnect to high voltage transmission lines under the jurisdiction of the U.S. Western Area Power administration.
The solar-generating facility will span 840 acres and will contain:
The Transmission Line Route will begin at the edge of the project area, at the boundary of Custer County and Oglala Lakota County. It will be placed underground in the county highway along Riverside Road, 148th Avenue, and Cottonwood Cutoff. The project will interconnect to the high voltage transmission grid via the eighteen 34.5 kV transmission line in Custer County.
During construction, the park is expected to employ from 200 to 400 people. Consistent with South Dakota's commitment to growing its renewable energy portfolio, the project will generate electricity in the Southwest Power Pool (SPP) regional grid and help SPP operators meet electricity demand in both immediate and surrounding control areas. The project is also expected to benefit the state, community, and local school districts by creating employment opportunities, increasing area business, and generating tax revenue.
$115M payout for:
Of the $115M costs, the project will cost $100M and the transmission infrastructure will cost approximately $15 million including interconnection and escalation costs. The Project costs include lease acquisition, permitting, engineering, procurement, and construction of turbines, access roads, an underground electrical collector system, a collection substation, interconnection facilities, and project financing.
|Funding Sources||Wircon (parent company to Lookout Solar and Wirsol Solar AG)|
|Project Delivery / Contract Method||Design-build-Finance|
|Private Partner||Wircon (parent company to Lookout Solar and Wirsol Solar AG)|
|Project Advisors / Consultants||Wircon (parent company to Lookout Solar and Wirsol Solar AG)|
|Duration / Status||The Lookout Solar Project is scheduled for completion in second quarter of 2021. The German developer Wirsol Solar AG is leasing the property from Rapp's family.|
|Financial Status/Financial Performance||
Wircon (parent company to Lookout Solar and Wirsol Solar AG) will invest $115M in Lookout Solar Park for 500,000 solar panels, an energy storage facility, access roads, underground electrical collector lines, an underground fiber-optic cable, collection substation, operations and maintenance facility, and temporary construction areas. Lookout Solar will be responsible for financing all predevelopment, development, and construction activities. While predevelopment activities will be funded using Lookout Solar's internal funds, construction will be financed with internal funds or a combination of internal funds and third-party sources of debt and equity capital.
|Related Links / Articles||