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Friday, March 29, 2024

SunPower Announces Settlement Agreement with North County Watch and Carrizo Commons Regarding California Valley Solar Ranch

Courtesy of Benzinga.



SunPower Corp. (NASDAQ: SPWRA) announced today an agreement with North County Watch and Carrizo Commons to settle and dismiss a lawsuit against the 250-megawatt California Valley Solar Ranch project, currently under construction in San Luis Obispo County, Calif.

Under the settlement agreement, SunPower has agreed that the use of the site for the CVSR project will not extend further than 50 years and that the decommissioning and restoration of habitat at the site will occur by that time. In addition, the agreement provides for enhanced communication and collaboration regarding mitigation and monitoring activities during the construction of the project, funding of research on endangered species, and support for the development of a long-term vision for the Carrizo Plain.

The settlement agreement builds on and strengthens prior commitments by SunPower for the preservation of more than 9,000 acres of land in and around the Carrizo Plain.

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