Silverado Power announced its public launch today at the Solar Power International conference. Silverado Power is a solar development company based in San Francisco, CA. The company stated that it has more than 75 US solar farms in various stages of development and 40 already filed for interconnection in Southern California. Overall, Silverado Power stated that it has 400 MW in utility-scale projects in progress. Martifer Solar, a portfolio company of the Martifer Group, has provided the central funding for Silverado Power.
“The solar industry has made great strides in the last five years but hasn’t addressed a fundamental problem; how to reduce the time-to-production for solar energy. The lack of transmission infrastructure has been one of the main contributors. We are confident that Silverado Power will play a crucial role in helping California utilities meet its energy needs through a distributed model that avoids this problem, satisfying environmental regulations and avoiding transmission issues that normally prevent power from reaching end-users. In many cases, transmission is more valuable than the land,” said John Cheney, CEO, Silverado Power.