Longroad Grabs 900 MW Solar And Also 1-2 GWh Storage Portfolio From First Solar

• Longroad Energy will acquire Sun Streams 2, 4, and 5, worth 900 MW dc plus the capacity for 1-2 GWh of storage space projects from First Solar

Longroad Energy, a US-based renewable resource developer, owner, as well as operator has actually introduced the finalizing of the acquisition of Sun Streams 2, 4, as well as 5, which complete about 900 MWdc in complete solar capacity plus the potential for 1-2 GWh of battery storage projects in Arizona.

Longroad has shut the purchase of Sun Streams 2. The closing of Sun Streams 4 as well as 5 undergoes regulatory approvals and popular closing problems.

The projects were purchased from First Solar. Longroad will certainly additionally power its Sun Streams portfolio with First Solar's responsibly-produced solar innovation and has actually carried out purchase agreements for 900 MWdc of Series 6 components, of which 700 MWdc represent new reservations for First Solar.

Sun Streams 2 is being built by McCarthy Building Business as well as is expected to be operational in June 2021. Sun Streams 2 energy production is sold under a lasting agreement. Sun Streams 4 and also 5 are development projects with target functional days of 2022 as well as 2024, respectively. Both projects are presently uncontracted and also distinctively placed to fit a variety of offtake structures, with or without storage.

" Arizona is a vital location for Longroad as we seek to bring competitive renewable projects to power customers in the Western UNITED STATE," claimed Paul Gaynor, CEO of Longroad Energy. "The Sun Streams complex is ideally placed. It adjoins one of the most substantial power hubs in the desert Southwest and also California, the solar resource is exceptional, and also we have several transmission alternatives with straight accessibility to CAISO as well as the Southwest markets. We also have the capacity to consist of a considerable amount of energy storage space capacity to make the assets much more affordable. We anticipate bringing the remainder of the Sun Streams complex to fruition."

The nameplate solar capability of the three projects acquired by Longroad:

Sun Streams 2-- ~ 200 MWdc

Sun Streams 4-- ~ 200 MWdc

Sun Streams 5-- ~ 500 MWdc

The procurements build on an expanding presence in Arizona for Longroad, which already owns operating solar projects in the state as well as an existing growth portfolio. Longroad has actually launched the origination effort for the Sun Streams 4 as well as 5 projects.