D.E. Shaw Renewable Investments acquires 100MW PV project from First Solar

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The 100MW project is currently under construction and is expected to be completed by the end of 2018. Image: First Solar

D. E. Shaw Renewable Investments has signed off on an agreement to acquire the 100MW Willow Springs Solar Project in Kern County, California from First Solar.

Terms of the acquisition were not disclosed.

The 100MW plant, which was developed by First Solar, is currently under construction and is expected to be completed by the end of 2018. The site will provide power to Southern California Edison Company through a long-term PPA.

Bryan Martin, CEO of DESRI, said: “DESRI is thrilled to close on the acquisition of Willow Springs from First Solar. This project is a testament to the strong partnership that our firms have built over many years.  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.”

Once completed, the project is expected to generate enough energy annually to power 41,000 typical California homes and displace more than 77,000 metric tons of CO2 greenhouse gas emissions each year.

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

Read Next

July 26, 2021
Support for distributed energy resources (DERs) like rooftop solar, community solar and battery storage could save Californian ratepayers US$120 billion over the next 30 years, according to a new report
July 22, 2021
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
July 21, 2021
A round-up of the latest stories from the US solar market, featuring news of EPC Signal Energy and tracker provider Nextracker being selected for a 728MW solar portfolio in Texas and California, and Longroad Energy completing a financing package for its 200MWdc solar project in Arizona.
July 16, 2021
The California Independent System Operator (CAISO) has almost 80GW of solar and 148GW of storage in its interconnection queue.
PV Tech Premium
July 15, 2021
Earlier this week the US National Renewable Energy Laboratory (NREL) published its 2021 Annual Technology Baseline (ATB) document, detailing the continued reduction in the levelised cost of electricity (LCOE) of the country’s core generators. Liam Stoker takes a look at the data and discusses just how cheap solar, and solar-storage, could become.
July 15, 2021
Falling solar wholesale prices in California mean subsidies will likely be needed to sustain the cost-effective deployment of PV in the state over the next three decades, according to a new report from research centre the Breakthrough Institute.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK