First Solar divests 180 MW Cove Mountain project in Iron County

First Solar, Inc. has announced that D. E. Shaw Renewable Investments (DESRI) has acquired the Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the sales of which were previously disclosed by First Solar and which total 180 megawatts (MW)AC in capacity, nearly doubles DESRI’s portfolio of First Solar-developed projects to over 360 MWAC.

Cove Mountain and Cove Mountain 2, both under construction with completion expected in the second and fourth quarters of 2020, have long-term Power Purchase Agreements (PPAs) with PacifiCorp on behalf of Facebook, providing Facebook’s data center operations with new solar resources.

Once commissioned, both projects will be operated by First Solar Energy Services and will be powered by the company’s Series 6 module technology.