sPower Acquires 55MW Idaho Solar 1 Project

September 28, 2018
Facebook
Twitter
LinkedIn
Reddit
Email

US solar project owner sPower has acquired the operational 55MW PV project Idaho Solar 1, located in Kuna County, Idaho.

The PV system is providing power to Idaho Power Company under a 20-year contract.

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

This is sPower's first operating project acquisition since becoming an AES/AIMCo company in 2017.

“We are thrilled to add another high-quality asset to the sPower fleet. Consummating this transaction would not have been possible without the support of AES and AIMCo as we continue to push the market across the competitive, renewable M&A landscape,” commented Brian Callaway, director of Structured Finance and M&A at sPower. “The ability to finance this purchase with proceeds from a delayed draw on our recent bond issuance was a key competitive advantage.”

“We were pleased to work with York capital and find a final home for this project,” said sPower CEO Ryan Creamer. “In addition to ownership, the Idaho Solar 1 project will now be operated by sPower Services, a team that operates over 1,300MWdc that generates over 10GWh a day.”

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
October 22, 2025
Recurrent Energy, Ampliform and Dimension Energy have announced new financing rounds this month for US solar projects.
October 22, 2025
Leeward Renewable Energy has started commercial operations at its 177MW Ridgely solar project in the US state of Tennessee.
October 22, 2025
US thin-film manufacturer First has revealed another transfer of its 45X manufacturing tax credits in a deal worth around US$775 million.
October 22, 2025
Abigail Ross Hopper, the president and CEO of US trade association the Solar Energy Industries Association (SEIA), has decided to step down from her roles at the end of January 2026.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal