Solar Frontier Americas acquires 50MW PV project from Samsung Solar Energy

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Solar Frontier Americas will serve as the long-term owner and operator of the site. Image: Solar Frontier Americas

Solar Frontier Americas has acquired a 50.5MW PV project purchased from CS Solar, a JV company of Samsung Solar Energy. The installation is located in Stanislaus County, California, just a few hours southeast of San Jose. 

Power from the Central 40 PV installation will be supplied to Silicon Valley Power through a power purchase agreement. Construction is slated to begin in 2020, with the project slated to begin operations later in 2020. Solar Frontier Americas will serve as the long-term owner and operator of the site. 

Charles Pimentel, CEO of Solar Frontier Americas' IPP business unit, said: “With a long track record of working with leading investor-owned utilities, munis and community choice aggregators, and the financial strength of our global organization, Solar Frontier Americas continues to pursue large-scale project acquisitions to grow our wholesale renewable energy power business.”

Seung-gul Lee, president and CEO of Samsung C&T America Inc, a parent company of Samsung Solar Energy, added: “Samsung Solar Energy is pleased to sell this project which we developed with Coldwell Solar, to an organization with the utility-scale development expertise and power generation management capabilities of Solar Frontier Americas. 

“There continues to be strong demand for solar projects well-managed through the development stage. As a leading renewable energy project developer, we're well positioned to deliver on that demand.”

Solar Frontier Americas has been active on the acquisition front so far this month, as the company recently acquired the 100MW Pioneer solar project in Colorado from GCL New Energy.  Solar Frontier also purchased the 210MW Mustang Two solar project in California back in December 2018. 

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 24, 2021
The US International Trade Commission has recommended that the Section 201 safeguard tariffs on solar cells and modules be extended.
November 19, 2021
Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.

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