K Road Power Holdings has purchased a 25MW (AC) McHenry Solar Project, currently under construction in California, US, from SunPower.

The value of the transaction has not been disclosed.

For the purchase, K Road has arranged for a non-recourse construction and term project financing with Union Bank, N.A. (Administrative Agent), Rabobank and CIT Energy acted as joint lead arrangers.

The $18.7m plant was designed by SunPower, which will also operate and maintain the project which will meet the power needs of around 6,000 homes.

K Road chairman and chief executive officer William Kriegel said, "We are proud to partner with SunPower to supply clean, renewable electricity to the Modesto Irrigation District, a community owned electric and water utility in California’s central valley."

Under a 25-year power purchase agreement, the generated power will be sold to the Modesto Irrigation District.

SunPower is installing its Oasis Power Plant product, which integrates the SunPower T0 Tracker with SunPower’s high efficiency solar panels, pre-manufactured system cabling, the Oasis smart inverter, and the Oasis operating system.

SunPower Oasis also features the advanced Tracker Monitoring and Control System for wireless control of the power plant which will commence commercial operations later this year.