Solar Frontier Americas buys 50.5-MW project in California

The Midway I & II solar plants. Source: Solar Frontier

September 18 (Renewables Now) - Solar Frontier Americas (SFA) has acquired a 50.5-MW DC solar project in California from a joint venture of Samsung Solar Energy.

SFA, which is the US-based renewable energy business of Japanese petroleum company Idemitsu Kosan Co Ltd (TYO:5019), has bought the project, known as Central 40, from CS Solar for an undisclosed sum.

The project will be realised in Stanislaus County, a few hours southeast of San Jose, with construction work expected to start next year. The solar park is seen to become operational later in 2020 and Santa Clara’s not-for-profit municipal utility Silicon Valley Power will then buy the output of the plant under a power purchase agreement (PPA).

Samsung Solar Energy developed the project in cooperation with Coldwell Solar, according to the announcement.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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