EDP Renewables and ConnectGen have completed the acquisition of three solar farms from First Solar in the US totalling 278MW.
The projects are the 154MW Sun Streams 1 in Maricopa county, Arizona, the 20MW Windhub A in Kern County, California and the 103MWA Sunshine Valley in Nye County, Nevada.
All three projects are scheduled to be completed by the end of the year.
They are powered by First Solar’s thin film module technology and once operational will be operated by First Solar Energy Services.
EDP Renewables North America chief executive Miguel Prado said: “These projects reflect EDP Renewables’ focus on value creation, innovation, and sustainability.
“Combining responsible development with attractive economics backed by long-term power purchase agreements, they are powered by one of the most innovative and eco-efficient solar technologies available today
“We look forward to adding these projects to our growing portfolio in the US.”
ConnectGen chief executive Caton Fenz said: “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 US.
“We look forward to working alongside EDP Renewables and with all project stakeholders to responsibly bring these important projects to fruition.”
First Solar chief commercial officer Georges Antoun said: “We’ve proven, once again, that investors are focused on the winning formula: responsible development, attractive project economics, and long-term power purchase agreements, underpinned by high-performance PV modules and a partner that stands behind its commitments.
“We thank EDP Renewables and ConnectGen for their trust and for recognising the robustness of First Solar’s approach to project development in the US.”