First Solar and D. E. Shaw renewable investments ink module deal
First Solar has announced that it has completed a module sale deal with an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) totaling 200 Megawatts (MW)dc and with delivery dates in 2019. Terms of the deal were not disclosed.
First Solar will provide 200MWdc of its new large area Series 6 thin film photovoltaic (PV) modules to DESRI for its near-term pipeline of projects going into construction in the next two years in the U.S. In addition, First Solar signed operations and maintenance (O&M) contracts for two projects that DESRI is developing.
"DESRI is thrilled to continue growing its partnership with First Solar," said Bryan Martin, CEO of DESRI. "We take great comfort knowing that these projects will benefit from the company's cutting-edge module technology in the industry, as well as its exceptional O&M services during operations."
"This combination of our industry-leading module technology and world-class O&M services will provide DESRI with a reliable, resilient and high-performance renewable energy generation asset," said Georges Antoun, Chief Commercial Officer, First Solar. "We are proud to build on our strong relationship with this trusted partner."
In addition to this module sale, DESRI has acquired three solar projects from First Solar since 2016 "“ the 40MWac Cuyama Solar Project in Santa Barbara County, Calif., the 31MWac Portal Ridge Solar Project in Los Angeles County, Calif., and the 11MWac Rancho Seco Solar Project in Sacramento County, Calif.
