An affiliate of D.E. Shaw Renewable Investments has acquired the 11-megawatt Rancho Seco solar project in Sacramento County from First Solar. The terms of the deal were not disclosed. The Golden 1 Center, currently under construction for the Sacramento Kings basketball team, will obtain approximately 85 percent of its power from the project.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions that are truly Taking Energy Forward. With over 10 gigawatts (GW) installed worldwide, our proven solar solutions diversify the energy portfolio and reduce the risk of fuel-price volatility while delivering a levelized cost of electricity (LCOE) that is cost competitive with fossil fuels today. By integrating technologies and expertise across the entire solar value chain, First Solar delivers bankable PV energy solutions that maximize the value of our customers’ PV investment while minimizing their risk. Having developed, financed, engineered, constructed, and operating some of the world’s largest and most successful PV power plants in existence, First Solar has become the partner of choice for customers globally.
Source:breakingenergy.com and firstsolar.com