SunEdison sells 30MW Webberville solar plant to MetLife and Longsol Holdings

February 29, 2012
Facebook
Twitter
LinkedIn
Reddit
Email

MetLife and Longsol Holdings US advised that they had mutually bought SunEdison’s 30MW Webberville, Texas solar project, for an undisclosed amount, in December 2011. The project was activated in December 2011 and is said to be the largest active solar plant in Texas. Constructed by RES Americas, who will also operate and maintain the project for the next five years, the solar farm is anticipated to produce over 1.4 billion kWh of electricity over 25 years.

Upon RES America’s five-year O&M commitment ending, SunEdison will take over the O&M for the 30MW solar farm for 20 years. The companies note that the utility-scale project was financed through a 25-year solar PPA with Austin Energy, which will buy the energy and environmental rewards from the project at a fixed rate over the life of the installation.

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

“After owning and managing 12 solar projects in Europe for the last five years, we are proud to acquire our 13th project in the US with a strong partner like MetLife,” stated Pablo Diaz de Rabago and Javier Mellado, CEO & president of Longsol Holdings. “SunEdison has developed a great project and we are proud to be part of it and look forward to working with SunEdison and MetLife on future projects. Longsol is committed to develop its footprint of investing long-term equity and managing solar projects around the world with the help of top developers and financing partners.” 

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
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
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

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