Longroad Energy completes purchase of 160 MW solar portfolio from First Solar

Longroad Energy has completed the acquisition of four solar projects that have a combined capacity of 160 MWac from Frist Solar.

Longroad Energy is a US-based renewable energy developer, owner, and operator, with a multi-gigawatt portfolio of wind and solar projects across the United States. First Solar had previously disclosed the transaction without identifying the acquirer.

Backed by a long-term Power Purchase Agreement (PPA) with a Community Choice Aggregator (CCA), Marin Clean Energy (MCE), the Little Bear Solar portfolio of projects is located in Fresno County, California. The projects, which range from 20 MWac to 50 MWac and are expected to be completed by the end of the fourth quarter of 2020, are designed to have a low impact on local land and water resources, and the environment. In addition to creating approximately 500 jobs during the construction of the facility, Little Bear Solar is also expected to benefit local businesses.

The projects will be powered by First Solar’s Series 6 module technology. Designed and developed at the Company’s research and development centers in California and Ohio, and produced in just 3.5 hours using sophisticated, fully-integrated manufacturing processes, each large-format Series 6 module leverages First Solar’s proprietary thin-film technology. With a carbon footprint that is up to six times lower than crystalline silicon PV panels that are manufactured using conventional, energy-intensive production methods, Series 6 delivers a superior environmental profile and cleaner solar electricity.