First Solar continues US asset sell-off as Arizona portfolio changes hands

February 15, 2021
Facebook
Twitter
LinkedIn
Reddit
Email
The Sunstreams 2 project, which is operational, in Arizona. Image: Longroad Energy.
The Sunstreams 2 project, which is under construction, in Arizona. Image: Longroad Energy.

US solar manufacturer First Solar has continued its disposal of utility-scale solar assets by agreeing the sale of a 900MWdc portfolio in Arizona to Longroad Energy.

First Solar has agreed the sale of the Sun Streams 2 (200MWdc), 4 (200MWdc) and 5 (500MWdc) projects, which have a total capacity of 900MWdc with the further potential for between 1 – 2GWh of battery storage. While Longroad has closed the acquisition of Sun Streams 2, which is currently under construction, the deals for Sun Streams 4 and 5 are subject to regulatory approval.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

As per the terms of the deal, Longroad has executed purchase agreements for 900MWdc of First Solar’s Series 6 modules, around 700MWdc of which constitute new orders for First Solar.

The deal comes weeks after First Solar sold a 10GW pipeline of utility-scale solar assets to Canadian pension fund Leeward Renewable Energy.

Paul Gaynor, CEO of Longroad Energy, said Arizona was an important location for the company as it looked to bring “competitive renewable projects to power buyers in the Western US”.

The company has already secured a long-term offtaker for energy produced at Sun Streams 2, while Sun Streams 4 and 5 are due to come onstream in 2022 and 2024 respectively. Longroad said the two projects were “uniquely positioned” to accommodate a variety of offtake structures, with or without storage.

“The Sun Streams complex is ideally positioned. It is adjacent to one of the most significant power hubs in the desert Southwest and California, the solar resource is excellent, and we have multiple transmission options with direct access to CAISO and the Southwest markets.

“We also have the ability to include a significant amount of energy storage capacity to make the assets even more competitive. We look forward to bringing the rest of the Sun Streams complex to fruition,” Gaynor said.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 15, 2025
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
October 15, 2025
The Australian government has approved the 141MW Forbes Solar Farm Project in New South Wales in just 19 days, marking one of the fastest environmental approvals on record in the country.
October 15, 2025
Australia has opened registrations for Capacity Investment Scheme (CIS) Tender 7, which targets 5GW of renewable energy generation capacity across the National Electricity Market (NEM).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK