DE Shaw buys 180MW project duo from First Solar in Utah

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Source: First Solar

DE Shaw Renewable Investments has purchased two neighbouring PV projects in Utah contracted to provide power to Facebook from developer First Solar.

The projects, which have a combined capacity of 180MW, are expected to come online in the second and fourth quarters of 2020. They will power Facebook’s new Eagle Mountain data centre through a long term power purchase agreement (PPAs) signed with regional utility Rocky Mountain Power, a division PacifiCorp. The $100 million 970,000 square foot data centre is set to come online in central Utah next year.

Once powered up, the two plants will be operated by First Solar Energy Services.

The project duo is the fifth in a series of acquisitions DE Shaw has made from First Solar in the western US over the years, most recently the 100MW Willow Springs project in Kern County, California purchased in late 2018.

The Utah projects will be equipped with First Solar modules, and the firm said in a statement that a new module manufacturing plant in Ohio expected to open early next year will boost annual production of its proprietary 'Series 6' module technology to 5.4GW per year. This will make allegedly make the 20-year old solar firm “the largest solar manufacturer” in the US.

Read Next

January 21, 2022
Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.
January 21, 2022
US solar installer SunPower is to be hit by a cracking issue discovered in connectors associated with equipment installed in some commercial and industrial (C&I) projects, resulting in charges of around US$31 million.
PV Tech Premium
January 18, 2022
Solar project developer Eco Energy World is aiming to “aggressively” grow its US PV pipeline after formally entering the market last week and intends to replicate the cheaper engineering, procurement and construction (EPC) costs it sees in Europe in the country. PV Tech Premium speaks to CEO Svante Kumlin to find out more.
January 17, 2022
Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
January 16, 2022
The US Government has appealed against the reinstatement of an exemption from Section 201 tariffs for bifacial modules.
January 14, 2022
The US Department of Energy (DOE) has launched a “Building a Better Grid” initiative to catalyse the development of “new and upgraded high-capacity electric transmission lines” across the US under President Joe Biden’s US$1 trillion Bipartisan Infrastructure Law.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal