DE Shaw buys 11-MW California solar project from First Solar

DE Shaw Renewable Investments LLC (DESRI) has acquired the 11-MW Rancho Seco solar project in California from First Solar Inc (NASDAQ:FSLR), the companies said today without disclosing terms of the deal.

The project is situated in Sacramento County on property owned by the Sacramento Municipal Utility District (SMUD), which will buy electricity from the plant under a 20-year power purchase agreement (PPA). The facility uses First Solar's thin-film modules mounted on single-axis trackers. It is located on the site of the decommissioned Rancho Seco Nuclear Generation Station.

Solar park in California using thin film modules. Author: Russ Ferriday. License: Creative Commons. Attribution-ShareAlike 2.0 Generic

The solar park will provide power for SMUD's commercial SolarShares programme. Through this programme, the Golden 1 Center sports arenas, which is being built for the Sacramento Kings, will get some 85% of its electricity from Rancho Seco.

Earlier this year, DESRI, part of the DE Shaw Group, acquired the 31-MW Portal Ridge solar project from First Solar. That project is currently in construction in Lancaster, California.

Renewables.seenews.com

Same Category

Son Ha Co., Ltd, applies energy efficiency and conservation measures

28/02/2024

Phuc Kien Co., Ltd., is effectively implementing energy-saving measures 28/02/2024
Somerset West Point Hanoi applies various energy-saving solutions 19/07/2022
Optimizing energy at Saigon - Cu Chi Brewery 03/10/2021
Key US air base in Japan works to make its power system more energy efficient 20/09/2021

Saving energy with the application of magnetic ultrasonic technology 15/09/2021

The advantage of the modified starch production solution E1420 applying magnetic ultrasound technology is to help improve productivity that can save significant input materials and energy.
Energy efficient store refurb saves 357,000kWh 12/09/2021

A family-owned Asian supermarket chain is estimated to have saved 357,000kWh in switching from an R22 refrigeration system to one using the non-ozone-depleting, HFC refrigerant blend R448A.
IPH commercial building saves VND 2.5 billion thanks to efficient energy use 10/09/2021

With total energy savings from solutions reaching 10.7% of total energy use per year, IPH commercial building has become one of the good examples of Hanoi city in implementing the National Energy Efficiency Programme.
Song Binh solar farm to energize national grid 22/07/2021

Song Binh solar farm, launched on Jan. 27, aims to provide a total power output of nearly 20 million KWh per year.
Preparation crucial for banks to avail of green credit trends 22/07/2021

Many foreign and Vietnamese financial institutions are now enthusiastically enforcing green loans or bonds as they continue to work towards transition to a low carbon economy. However, issues such as debtors’ leverage ratio or energy project quality are associated with risks. Pham Nhu Anh, member of the Board of Management, head of the Corporate and Investment Banking Division at Military Bank, talked to VIR’s Luu Huong about the risks and rewards of these climate-friendly initiatives.
PCC1's wind power project cluster is granted a certified 'green' loan 21/07/2021

The signing ceremony of a loan worth USD173 million to build wind power plants with a total capacity of 144MW in Huong Hoa district, Quang Tri province by Power Construction Joint Stock Company 1 (PCC1) was approved by the Asian Development Bank (ADB), Export Finance Australia (EFA), Japan International Cooperation Agency (JICA) and member units under PCC1 was performed online by the end of May 2021.
Request for Proposals: Demonstrating Eco-power Meters in the Commercial and Industrial Sector 18/06/2021

DAI invites firms to submit a proposal for work to be funded by USAID under the USAID Vietnam Urban Energy Security activity.
Request for Proposals: Demonstrating Battery Energy Storage System in the Commercial and Industrial Sector 18/06/2021

DAI invites firms to submit a proposal for work to be funded by USAID under the USAID Vietnam Urban Energy Security activity.