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.
Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.
The Florida Public Service Commission (PSC) has approved cost recovery for the third phase of Tampa Electric Company’s (TECO) solar plans, which is comprised of a pair of solar projects with a combined generation capacity of 150MW.
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 firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.
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.
Independent global private asset management firm Capital Dynamics and US-based independent solar and storage developer 8minute Solar Energy have completed the 121MW Springbok 3 Solar Farm.
