The projects include 200 MW due to start operating in June and 700 MW in the early development phase.
February 15, 2021
Longroad Energy Holdings to acquire Sun Streams 2, 4 and 5 in Arizona from First Solar.
Included in the deal is the 200 MW Sun Streams 2 solar plant, which is under construction and is expected 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.
Sun Streams 2 is being built by McCarthy Building Cos. The power generation is 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 would have a capacity of 200 MW; Sun Streams 5 would have a capacity of 500 MW.
The Sun Streams complex provides access to California’s network of independent system operators as well as the markets in the Southwest. 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 is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest pension plans.
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