The Sorrento solar farm will be a ground-mount system covering 140 acres of open field in Lake County and will be built in stages.
BlueChip said it had originally planned to lease the property but later decided to purchase the land in order to enhance the bankability of the project.
The solar farm, which will cost approximately $200m, will deploy an estimated 140,000 solar panels.
BlueChip’s manufacturing subsidiary Advanced Solar Photonics will provide high efficiency solar panels and racking systems for 75% of the project, and the remaining 25% of the modules is expected to be provided by additional equity partners.
The project is expected to generate an estimated 64 million kWh of electricity annually, enough to fulfill the average annual electricity needs of about 8,000 typical Florida households.
The power produced from the solar farm is intended to be sold locally and regionally under power purchase agreements.
