GE Energy Financial Services completes equity investment in 143MW Catalina Solar project

Facebook
Twitter
LinkedIn
Reddit
Email

A consortium headed by GE Energy Financial Services has completed an equity investment in the 143MW Catalina Solar PV power station in Rosamund, California.

GE Energy Financial Services, the energy investment division of US conglomerate General Electric, made the investment together with Citi, Union Bank and Metropolitan Life Insurance Company. The group of investors bought their first stake in the project from developer EDF Renewable Energy in late 2012 as the first 60MW phase went online. GE Energy Financial Services to date has invested in 1GW of PV capacity across 50 projects.

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

The plant is built with 82MW of Solar Frontier CIGS panels and 61MW of First Solar modules, on a 445-hectare site in the Mojave Desert. It became fully operational in August this year and the structure of the investment owned by the GE Energy-led group has been converted to a single investor lease. Financial details of the latest transaction have not been disclosed.

EDF Renewable Energy will continue to maintain and operate the plant, with electricity sold under a 25 year power purchase agreement (PPA) to San Diego Gas & Electric Company (SDG&E).

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines