Colliers International closed the sale for nearly 91 acres of vacant land zoned for a solar farm located on W 6th St. in Rio Linda, Calif. The location is south of W Elverta Road in Sacramento County, about 10 miles east of Sacramento International Airport. The lot sold for $1.5 million.
Jim Dennis of Colliers Sacramento brokered the sale on behalf of the seller, Bernik Family Trust. The new owner is San Francisco-based Lightsource BP, formerly known as Lightsource Renewable Energy, which at the end of 2017 has formed a partnership with BP to increase the capabilities of solar projects across the U.S. The newly formed company rebranded as Lightsource BP in early 2018.
The four Sacramento County parcels received approval in 2010 for a 10-megawatt solar farm. So far, no new plans have been submitted to Sacramento County for the solar plant. The company, however, announced a collaboration with the Sacramento Municipal Utility District and the future development of Wildflower Solar I, which will support SMUD’s community solar program SolarShares with about 16 megawatts.