Retail giant and Silicon Valley firm say they have ‘resolved the issues’ raised by the former, which had linked rooftop blazes to Tesla’s alleged 'negligence’ with PV installs.
Japanese firm says divestment was 'strategic asset recycling' and that 'strengthening of the financial base continues to be one of [Mitsui & Co’s] key initiatives'.
The projects, which will be operated by First Solar's operations and maintenance arm once commissioned next year, are contracted to provide power to Facebook's data centres via a PPA with PacifiCorp.
The deal, which Dominion says is largest ever brokered by a US state government, comprises four different solar projects set to come online before 2023, as well as one wind project.
The New York City firm, which specialises in funding solar and anaerobic digesters in the US, said it will use the funding from Newlight Partners, a Soros Fund spin-off, to support projects' pre-construction phase.
Developer's plan to ensure projects can tap into 30% ITC rate before it tapers follows similar move by installer SunPower, which bought 200MW of panels this week.
Interviewed by this publication, James May says things are not as dire as they seem for the firm as it mulls a factory sale to stave off trade war impacts.
