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D.
E.
Shaw Renewable Investments (DESRI) announced that it has signed an agreement to acquire a 100MW Willow Springs PV project
in Kern County, California, from First Solar.
It is understood that the terms of the acquisition of the project have not been disclosed
.
Developed by First Solar, the project is currently under construction and is expected to be completed
by the end of 2018.
The plant will provide power
to Southern California Edison through long-term PPA.
Bush, CEO of DESRI, said, "DESRI is pleased to acquire Willow Springs
from First Solar.
This project is a testament to the strong partnership
that our company has built over the years.
We look forward to using First Solar's leading Series 6 module technology to bring clean energy
to Kern County communities for years to come.
" ”
Once completed, the project is expected to generate enough energy annually to power 41,000 typical California homes and reduce carbon emissions by 77,000 metric tons per year
.
Willow Springs is the fourth renewable energy project
acquired by DESRI from First Solar.
Back in 2017, DESRI subsidiaries acquired the 40MW Cuyama solar project in Santa Barbara County, while the DESRI affiliate acquired the 31MM Portal Ridge solar project in Los Angeles County and the 11MW Rancho Seco solar project
in Sacramento County in 2016.
:/, please indicate the source for reprinting)
D.
E.
Shaw Renewable Investments (DESRI) announced that it has signed an agreement to acquire a 100MW Willow Springs PV project
in Kern County, California, from First Solar.
It is understood that the terms of the acquisition of the project have not been disclosed
.
Developed by First Solar, the project is currently under construction and is expected to be completed
by the end of 2018.
The plant will provide power
to Southern California Edison through long-term PPA.
Bush, CEO of DESRI, said, "DESRI is pleased to acquire Willow Springs
from First Solar.
This project is a testament to the strong partnership
that our company has built over the years.
We look forward to using First Solar's leading Series 6 module technology to bring clean energy
to Kern County communities for years to come.
" ”
Once completed, the project is expected to generate enough energy annually to power 41,000 typical California homes and reduce carbon emissions by 77,000 metric tons per year
.
Willow Springs is the fourth renewable energy project
acquired by DESRI from First Solar.
Back in 2017, DESRI subsidiaries acquired the 40MW Cuyama solar project in Santa Barbara County, while the DESRI affiliate acquired the 31MM Portal Ridge solar project in Los Angeles County and the 11MW Rancho Seco solar project
in Sacramento County in 2016.
:/, please indicate the source for reprinting)
/
