December 18 (Renewables Now) - Recurrent Energy LLC, part of Canadian Solar Inc (NASDAQ:CSIQ), has sold the 150-MW/210-MWp Mustang Two solar project in California to Solar Frontier Americas.
The buyer will take care of financing and managing the construction of the plant, while Recurrent Energy concludes the development of the project. The solar park will be built in Kings County by 2020. About 400 jobs will be created during the construction process.
Upon completion, the plant will be selling its output under two power purchase agreements (PPAs) with Peninsula Clean Energy for 100 MW and with the Modesto Irrigation District for 50 MW.
Solar Frontier Americas, which is a US-based subsidiary of Showa Shell Sekiyu KK, is actively acquiring utility-scale projects and development assets to further scale its operations, according to Charles Pimentel, CEO of Solar Frontier Americas' independent power producer (IPP) business unit.