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17 October 2018

First Solar sells 100MW Willow Springs project to DESRI

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

Cadmium telluride (CdTe) thin-film photovoltaic module maker First Solar Inc of Tempe, AZ, USA says that its 100MWac Willow Springs Solar Project in Kern County, California, has been acquired by an affiliate of D. E. Shaw Renewable Investments LLC (DESRI), which acquires, owns and manages long-term contracted renewable energy assets in North America.

Currently under construction (for completion at the end of 2018), the project will supply power to Southern California Edison Company through a long-term Renewable Power Purchase and Sale Agreement.

When in operation, the plant is expected to annually provide enough electricity to power about 41,000 typical California homes and displace more than 77,000 metric tons of CO2 greenhouse-gas emissions each year (equivalent to taking almost 15,000 cars off the road).

“This project is a testament to the strong partnership that our firms have built over many years,” comments DESRI’s CEO Bryan Martin. “We are looking forward to using First Solar’s leading Series 6 module technology to deliver clean energy to the Kern County community for years to come,” he adds.

“We are grateful for the opportunity to build on our strong relationship with DESRI as they grow their solar portfolio,” says First Solar’s chief commercial officer Georges Antoun.

Antoun also notes the importance of the positive business environment provided by Kern County as a factor in realizing the benefits of solar as a fundamental power generation source.

Willow Springs is the fourth renewable energy project that DESRI has acquired from First Solar. In 2017 a DESRI affiliate acquired the 40MWac Cuyama Solar Project in Santa Barbara County, and in 2016 DESRI affiliates acquired the 31MWac Portal Ridge Solar Project in Los Angeles County and the 11MWac Rancho Seco Solar Project in Sacramento County.

See related items:

First Solar to supply 200MW of Series 6 CdTe PV modules to DESRI

First Solar sells 40MW Cuyama Solar Project to DESRI

First Solar's Rancho Seco Solar Project acquired by DESRI

First Solar and Southern California Edison sign power purchase agreements for 500MW

Tags: First Solar Thin-film photovoltaic CdTe

Visit: www.deshaw.com

Visit: www.firstsolar.com

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