Longroad Energy Holdings a US-based renewable vitality developer, proprietor, and operator, announcedthe signing of the acquisition of Sun Streams 2, four, and 5, which whole roughly 900 MWdc in whole photo voltaic capability plus the potential for 1-2 GWh of battery storage. Longroad additionally closed the acquisition of Sun Streams 2. The closing of Sun Streams four and 5 is topic to regulatory approvals and customary closing situations.
The initiatives have been bought from First Solar, Inc. (Nasdaq: FSLR). Longroad can even energy its Sun Streams portfolio with First Solar’s responsibly-produced photo voltaic know-how and has exe-cuted buy agreements for 900 MWdc of Series 6 modules, of which 700 MWdc characterize new bookings for First Solar.
Sun Streams 2 is being constructed by McCarthy Building Companies and is predicted to be operational in June 2021. Sun Streams 2 vitality manufacturing is offered below a long-term contract.
Sun Streams four and 5 are improvement initiatives with goal operational dates of 2022 and 2024, respectively. Both initiatives are at the moment uncontracted and uniquely positioned to accommodate a wide range of offtake constructions, with or with out storage.
“Arizona is a vital location for Longroad as we search to convey aggressive renewable initiatives to energy consumers within the Western U.S.,” mentioned Paul Gaynor, CEO of Longroad Energy. “The Sun Streams advanced is ideally positioned. It is adjoining to one of the crucial vital energy hubs within the desert Southwest and California, the photo voltaic useful resource is superb, and now we have a number of transmission choices with direct entry to CAISO and the Southwest markets. We even have the power to incorporate a big quantity of vitality storage capability to make the belongings much more aggressive. We sit up for bringing the remainder of the Sun Streams advanced to fruition.”
The nameplate photo voltaic capability of the three initiatives acquired by Longroad:
• Sun Streams 2 – ~200 MWdc
• Sun Streams four – ~200 MWdc
• Sun Streams 5 – ~500 MWdc
The Sun Streams acquisitions construct on a rising presence in Arizona for Longroad, which already owns working photo voltaic initiatives within the state in addition to an present improvement portfolio. Longroad has launched the origination effort for the Sun Streams four and 5 initiatives.
Longroad Energy Holdings, primarily based in Boston, MA, is concentrated on renewable vitality challenge improvement, working belongings, and companies. Today, Longroad owns 1.6 GW of operational and below building wind and photo voltaic initiatives throughout the United States. Its companies affiliate, Longroad Energy Services, operates and manages three.zero GW in whole comprised of those initiatives plus 1.four GW of wind and photo voltaic initiatives on behalf of third events. Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad’s administration staff.
(Source and picture: Longroad Energy – Sun Streams 2 photo voltaic park, Arizona)
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