A Florida-based solar power project developer aims to build a 20-megawatt (MW) solar installation in California, according to a recent press release.

While the exact location and cost of constructing the park has not been released, Solar Park Initiatives (SPI) has signed a letter of intent to develop the photovoltaic (PV) park on 285 acres of land and sell the clean energy to the local utility company through a long term power purchasing agreement (PPA). The letter of intent does not disclose when construction will begin, but SPI’s CEO David Surette is confident that the project will become a reality:

“Solar Park Initiatives continues to search for good opportunities in the solar sector and develop land for its optimal use and value. This is one opportunity we anticipate completing, keeping investors abreast of our milestones.”

The project is expected to generate $70 million in revenue, according to the company executives.