D. E. Shaw Renewable Investments, L.L.C. (DESRI) on June 16th, 2016 announced the acquisition of the Portal Ridge solar photovoltaic (PV) project from First Solar, Inc.
Portal Ridge is a 31 MW-ac solar PV facility
located in Lancaster, California, with 20-year power purchase
agreements (PPAs) with Pacific Gas and Electric Company and Southern
California Edison.
The PV project, which was developed by First Solar,
was acquired by an affiliate of DESRI in partnership with Bright Plain
Renewable Energy.
The PV facility will be built by Blattner Energy
Inc. pursuant to an engineering, procurement, and construction (EPC)
contract, and will utilize First Solar’s advanced thin film solar
modules.
The project is expected to produce more than 90,000 MWh of solar power per year for customers in Southern California.
Financing for the acquisition, construction, and
operation of the project was provided by CoBank, ACB, and KeyBank
National Association, alongside a commitment for tax equity financing
from an affiliate of U.S. Bancorp Community Development Corporation.
“We are excited to partner with First Solar as we
expand DESRI’s renewable energy footprint on the West Coast,” comments
Bryan Martin, managing director and head of U.S. Private Equity at the
D. E. Shaw group.
source: http://www.solarserver.com
No comments:
Post a Comment