Subscribe today and receive an extra account for free.
Subscribe
Solar farm. Author: Michele Lamberti. License: Creative Commons, Attribution 2.0 Generic.
October 23 (Renewables Now) - Texas-based OCI Solar Power LLC has sold the 66-MW under-construction photovoltaic (PV) project in Texas to DE Shaw Renewable Investments LLC (DESRI).
The sale was announced on Monday by Marathon Capital, which advised OCI Solar on the deal. Terms of the transaction, as well as financial details, remained undisclosed.
Project Ivory, the given capacity of which is in Direct Current (DC), is currently being built in Texas’ Dawson County and is expected to be commissioned next month. It will operate under a power purchase agreement (PPA) with the City of San Antonio, signed by the City Public Service Board (CPS Energy) and OCI Solar.
OCI Solar has financed the construction of the PV park entirely from its balance sheet, according to the statement.
DE Shaw's latest acquisition follows a deal from last week for the purchase of First Solar Inc's (NASDAQ:FSLR) 100-MW Willow Springs solar project in Kern County, California. The plant, also under construction, is expected to be switched on at the end of 2018.
GE to ship storage solution to hybrid solar project in New York
Apr 19, 2019 12:26 CEST
Avista commits to 100% clean power supply by 2045
Apr 19, 2019 10:42 CEST
Tenaska closes debt for 242-MW under-construction wind farm in Missouri
Apr 19, 2019 8:09 CEST
UPDATE - SolarReserve ditches 2-GW CSP project in Nevada
Apr 18, 2019 9:45 CEST
Massachusetts nods to Vineyard Wind's contracts for 800 MW of offshore wind
Apr 18, 2019 9:19 CEST
Altus Power snaps up 19 MW of solar in 3 US states
Apr 18, 2019 8:58 CEST