DESRI acquires 100 MW solar project in California from First Solar

First Solar, Inc. and D. E. Shaw Renewable Investments, L.L.C. (DESRI) today announced the acquisition by a DESRI affiliate of the 100 MW AC Willow Springs Solar Project in Kern County, California. Terms of the deal were not disclosed.

The project, which was developed by First Solar, is currently under construction, with completion estimated at the end of 2018. The project will supply power to Southern California Edison Company through a long-term Renewable Power Purchase and Sale Agreement.

The solar project will occupy approximately 1,450 acres of private land, and will produce approximately 330,000 MWh/year. When in operation, the power plant is expected to annually provide enough clean, affordable sustainable electricity to power about 41,000 typical California homes and displace more than 77,000 metric tons of CO2 greenhouse gas emissions each year – the equivalent of taking almost 15,000 cars off the road.