Solar Frontier Americas acquires 50MW PV project from Samsung Solar Energy
Sep 19, 2019 09:20 PM ET
Solar Frontier Americas has acquired a 50.5MW PV project purchased from CS Solar, a JV company of Samsung Solar Energy. The installation is located in Stanislaus County, California, just a few hours southeast of San Jose.
Power from the Central 40 PV installation will be supplied to Silicon Valley Power through a power purchase agreement. Construction is slated to begin in 2020, with the project slated to begin operations later in 2020. Solar Frontier Americas will serve as the long-term owner and operator of the site.
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, added: "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.”
Solar Frontier Americas has been active on the acquisition front so far this month, as the company recently acquired the 100MW Pioneer solar project in Colorado from GCL New Energy. Solar Frontier also purchased the 210MW Mustang Two solar project in California back in December 2018.