Acquisition of 278 MW of US solar projects completed

EDP Renewables and ConnectGen have completed the acquisition of First Solar's three projects with a total nameplate design of 278 megawatts (MW)AC in the United States. First Solar previously disclosed that the sale of these projects was subject to certain conditions precedent for closing that have since been satisfied.

The projects include:

• the 154 MWAC Sun Streams 1 project in Maricopa County, Arizona,
• the 20 MWAC Windhub A project in Kern County, California, and
• the 103 MWAC Sunshine Valley project in Nye County, Nevada.

All three projects are scheduled to achieve substantial completion by the end of the fourth quarter of 2019.

“ConnectGen and First Solar strive to enable a sustainable energy future, and this deal furthers our goal to provide long-term, cost-effective, renewable energy solutions in the United States,” said Caton Fenz, Chief Executive Officer, ConnectGen. “We look forward to working alongside EDP Renewables and with all project stakeholders to responsibly bring these important projects to fruition.”

All three projects are powered by First Solar’s thin-film module technology, developed and innovated in the United States. Once commissioned, the projects will be operated by First Solar Energy Services.