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Solar Frontier Acquires Solar Project from Samsung Solar Energy

Power News - Published on Fri, 20 Sep 2019

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US based renewable energy business of Idemitsu Kosan Company, Solar Frontier Americas announced that it has further expanded its power generation portfolio with the acquisition of a 50.5 MWDC solar project purchased from CS Solar, joint venture company of Samsung Solar Energy. The project is located in Stanislaus County, California, a few hours southeast of San Jose. 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. 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.

Mr Charles Pimentel CEO of Solar Frontier Americas' IPP business unit said that "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.”

Mr Seung-gul Lee, President and CEO of Samsung C&T America Inc, a parent company of Samsung Solar Energy said that "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.”

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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