First Solar has sold US solar projects, including 200 MW due to be commissioned in June and 700 MW capacity in early development.
February 16, 2021
From pv magazine USA
Longroad Energy Holdings announced plans to acquire Sun Streams 2, 4 and 5 solar projects in Arizona from First Solar.
The deal includes the 200 MW Sun Streams 2 solar plant, which is under construction and scheduled to go live in June. The other two projects with a total output of 700 MW have not yet been completed. They could be developed to have an energy storage capacity of up to 2 GWh.
First Solar will provide its Series 6 modules for the systems. Around 700 MW are new bookings for the manufacturer.
McCarthy Building is building Sun Streams 2. The power generation is being sold under a long-term contract with an undisclosed buyer.
Sun Streams 4 and 5 have target dates for commissioning in 2022 and 2024, respectively. Sun Streams 4 will have a capacity of 200 MW, while Sun Streams 5 will have a capacity of 500 MW.
The Sun Streams complex provides access to the California network of independent system operators as well as the markets in the southwestern United States. It is west of Phoenix and near the Palo Verde Nuclear Power Plant, the largest nuclear power plant in the United States.
In January First Solar announced it would sell a 10 GW utility-scale solar project platform to Leeward Renewable Energy Development. The $ 261 million transaction is expected to close in the first quarter. Leeward Renewable Energy Development is a portfolio company of OMERS Infrastructure, an investment unit of OMERS, one of Canada’s largest pension plans.
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