Longroad Energy, First Solar enter deal for 900 MWdc solar portfolio in Arizona

Longroad Energy Holdings (Longroad), a US-based renewable energy developer, owner, and operator has signed the acquisition deal of Sun Streams 2, 4, and 5, which total approximately 900 MW_dc in total solar capacity plus the potential for 1-2 GWh of battery storage in Arizona. 

The projects were purchased from First Solar, Inc. Longroad will also power its Sun Streams portfolio with First Solar's responsibly-produced solar technology and has executed purchase agreements for 900 MW_dc of Series 6 modules, of which 700 MW_dc represent new bookings for First Solar. 

Sun Streams 2 is being constructed by McCarthy Building Companies and is expected to be operational in June 2021.  Sun Streams 2 energy production is sold under a long-term contract.

Sun Streams 4 and 5 are development projects with target operational dates of 2022 and 2024, respectively.  Both projects are currently uncontracted and uniquely positioned to accommodate a variety of offtake structures, with or without storage. 

Longroad closed the acquisition of Sun Streams 2.  The closing of Sun Streams 4 and 5 is subject to regulatory approvals and customary closing conditions.