Funding

Funding Needed
$1,000 (Mio)
EB5 Funding
$10 (Mio)
EB-5 Investors
20
Investment Amount
$500,000

Jobs

Job Creation per Investor
2.3
Job Creation (Total)
45
Category
Utilities
Sub-Category
Solar Electric Power Generation

Location

State
California
Location
Blythe, CA

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Last Update: February 04, 2015 01:00 PM

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The Rice Solar Energy Project


Project Description

CMB Infrastructure Investment Group IX, L.P. (Group IX), was an EB-5 infrastructure investment of $90 million into two solar electric power generating systems to be developed by SolarReserve, LLC,

Rice Solar Energy Project in Blythe, CA and Crescent Dunes Solar Energy Project in Tonopah, NV. Of the $90 million that was lent to SolarReserve, $10 million is intended to be used for Phase I of the Rice Solar Energy Project and $80 million is intended to be used for the Crescent Dunes Solar Energy Project. 
Upon full completion, the project is projected to cost nearly $1 billion and the construction activities of the partnership will generate approximately 6,688 indirect jobs.

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