DESRI acquires 40MW California 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 Cuyama Solar Project in Santa Barbara County is expected to be completed by the end of the year.  Credit: First Solar

D. E. Shaw Renewable Investments (DESRI) has acquired a 40MW(AC) solar project which is still under construction in California from First Solar.

The Cuyama Solar Project in Santa Barbara County is expected to be completed by the end of the year. Terms of the deal were not disclosed.

Community Choice Aggregator Peninsula Clean Energy has a one-year ‘bridge’ power purchase agreement (PPA) for power delivered from the plant in 2018. After this, power is due to be supplied to the utility Pacific Gas & Electric (PG&E) under a 25-year PPA from January 2019.

A DESRI statement claimed that this will be the first utility-scale solar installation in Santa Barbara County and it is expected to power the equivalent of 16,000 typical California homes.

This is the third PV project DESRI has acquired from First Solar. In 2016, DESRI affiliates acquired the 31MW(AC) Portal Ridge Solar Project in Los Angeles County and the 11MW(AC) Rancho Seco Solar Project in Sacramento County.

Read Next

December 2, 2021
Enel Green Power has named Paolo Romanacci as the new head of its North America division, overseeing all renewables activities in the US and Canada.
December 1, 2021
Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.
December 1, 2021
Tech major Amazon has added a further 2GW to its committed utility-scale solar PV capacity, adding projects in the US and Europe to its renewables portfolio.
November 30, 2021
JinkoSolar has slashed its shipments guidance for the year, reducing its top end guidance by more than 5GW as it blamed ongoing logistics issues and port blockages.
November 29, 2021
Austrian utility Verbund is acquiring a 147.6MWp PV project in southern Spain from renewables developer BayWa r.e. as part of the company’s planned solar expansion.
November 24, 2021
The US International Trade Commission has recommended that the Section 201 safeguard tariffs on solar cells and modules be extended.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal