Solar Frontier Americas acquires 50.5 MW solar PV plant in California from Samsung Solar Energy
Solar Frontier Americas, the US-based renewable energy business of Idemitsu Kosan Company, announced that it has further expanded its power generation portfolio with the acquisition of a 50.5 MWDC solar project in California, purchased from CS Solar, a joint venture company of Samsung Solar Energy.
Construction on the Central 40 solar project is expected to begin in 2020 with the project coming online later that year. Solar Frontier Americas will be the long-term owner and operator.
Power from the project will be supplied to Silicon Valley Power, the not-for-profit municipal utility of Santa Clara, California, through a power purchase agreement (PPA).
Charles Pimentel, CEO of Solar Frontier Americas’ IPP business unit said:
“With a long track record of working with leading investor-owned utilities, munis and community choice aggregators, and the financial strength of our global organization, Solar Frontier Americas continues to pursue large-scale project acquisitions to grow our wholesale renewable energy power business.”
Seung-gul Lee, President and CEO of Samsung C&T America Inc, a parent company of Samsung Solar Energy commented:
“Samsung Solar Energy is pleased to sell this project which we developed with Coldwell Solar, to an organization with the utility-scale development expertise and power generation management capabilities of Solar Frontier Americas. There continues to be strong demand for solar projects well-managed through the development stage. As a leading renewable energy project developer, we’re well positioned to deliver on that demand.”
Manuel Pineda, Chief Electric Utility Officer for Silicon Valley Power, the municipal utility of Santa Clara noted:
“The Solar Frontier Americas’ project will support Santa Clara’s commitment to environmental responsibility and achieving a carbon-neutral electric supply. We are pleased to partner with Solar Frontiers America on this clean energy project.”
Source. Press Release by Solar Frontier Americas. Photo Credit: © Solar Frontier Americas.
