First Solar sells 100-MW California solar project to DE Shaw

Solar plant. Photo by: First Solar (www.firstsolar.com)

October 17 (Renewables Now) - First Solar Inc (NASDAQ:FSLR) has sold the 100-MW Willow Springs solar project in Kern County, California to an affiliate of DE Shaw Renewable Investments LLC (DESRI).

Terms of the deal remain undisclosed, the US solar manufacturer and developer said today.

Developed by First Solar, the project is currently under construction and is expected to be completed at the end of 2018. It has a long-term renewable power purchase and sale agreement with Southern California Edison Co.

This is the fourth solar project that DESRI has acquired from First Solar after the 40-MW Cuyama in Santa Barbara County, the 31-MW Portal Ridge in Los Angeles County and the 11-MW Rancho Seco in Sacramento County.

Once operational, the Willow Springs project is expected to generate enough electricity a year to power about 41,000 typical California homes and offset more than 77,000 tonnes of carbon dioxide (CO2) emissions.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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