US developer Longroad Energy has agreed to acquire solar projects totalling 900MW (DC) in Arizona.
The Sun Streams 2, 4, and 5 projects have the potential for 1-2 gigawatt hours of battery storage.
Longroad is buying the Sun Streams 2, 4 and 5 projects from First Solar.
So far Longroad also closed the acquisition of Sun Streams 2 which is 200MW (DC).
The closing of the 200MW (DC) Sun Stream 4 and 500MW (DC) Sun Stream 5 is subject to regulatory approvals and customary closing conditions.
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.
The Sun Streams complex is “ideally positioned”, adjacent to one of the “most significant” power hubs in the desert south-west and California.