Japanese company Idemitsu Kosan has bolstered its US production portfolio by acquiring the 100MW Pioneer solar farm in Colorado.
Commercial operation of the photovoltaic plant, located in Adams County, is scheduled to start in 2020.
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Idemitsu Kosan acquired the project from GCL New Energy by investing in Solar Frontier Americas through its wholly-owned subsidiary RS Renewables KK.
Frontier is the second power plant asset in the company’s US independent power producer business, following a 210MW California solar acquisition in 2018.
Solar Frontier Americas will build the plant.
The asset will enter into a long-term power purchase agreement with Intermountain Rural Electric Association, in Colorado.