Energy provider Southern Power, a subsidiary of Southern Company, has acquired a controlling interest in the 300MW Desert Stateline Facility from PV system provider First Solar.
The California-based project, which First Solar will hold the remaining interest on, stands as the fourth shared acquisition between both companies.
Located on 681 hectares of federally managed public land in San Bernardino County, the Desert Stateline Facility will be comprised of approximately 3.2 million First Solar thin-film modules mounted on fixed-tilt modules.
Once completed, the project is expected to produce enough energy to help meet the energy needs of around 100,000 homes.
Jim Hughes, CEO of First Solar, said: Desert Stateline is an exciting addition to the series of projects on which weve partnered with Southern Power. Our strategic relationship capitalizes on each companys core competencies, as well as the synergies obtainable though informed, enlightened collaboration.
Hughes added: â€œThis facility and other similar facilities allow leading energy companies to place First Solars advanced thin film PV technology at the heart of utility scale generation facilities, enabling power providers to include competitive, reliable renewable energy in their portfolios.
First Solar is currently building the project and will handle both operations and maintenance duties at the site once it is completed. Construction on the installation began in October 2014 and is expected to be fully operational by the third quarter of 2016.
Electricity and associated renewable energy credits (RECs) generated by the plant will be sold to utility Southern California Edison under a 20-year power purchase agreement.
(c) 2015 Fusion Media Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers