K Road Power, a power developer focused on utility-scale solar energy projects, is joining with Barclays Natural Resource Investments (BNRI), a division of Barclays Capital, for the development of solar projects in the US.
As per the collaboration, BNRI will make a substantial commitment to fund the continued development, construction and operations of K Road's utility scale solar power portfolio.
K Road's near term portfolio includes the 850MW K Road Calico solar project in San Bernardino County, California, and the 350MW K Road Moapa solar project north of Las Vegas.
Together these projects, K Road will generate will generate clean, reliable and renewable electricity for over 700,000 homes in California and Nevada.
K Road managing partner Gerrit Nicholas said partnering with BNRI better positions K Road to continue to build and operate clean, efficient renewable generation assets helping California and the rest of the US to evolve into lower carbon economies.
Barclays Capital is the investment banking unit of Barclays Bank.