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Sempra Renewables buys 281MW solar project in US

EBR Staff Writer Published 09 August 2017

Sempra Renewables has acquired 281MW US solar project from Canadian Solar subsidiary Recurrent Energy for an undisclosed sum.

Under the deal, Recurrent has purchased 281MW Great Valley solar project, which is currently under development in Fresno County, California.

Earlier known as Tranquillity 8, the Great Valley project is situated on around 1,600 acres next to the 258MW Tranquillity solar facility.

Recurrent Energy had completed the Tranquillity facility at the end of last year. Majority stake in the facility is owned by a subsidiary of Southern Power.

Expected to be completed in the third quarter of 2018, the project can generate clean electricity that can power around 50,000 homes in the region.

Sempra Renewables will construct and operate the facility, which is contracted under four independent long-term and power purchase agreements.

Canadian Solar chairman and CEO Dr Shawn Qu said: "We are pleased to work with a market-leading partner like Sempra Renewables on this transaction.

"Recurrent Energy's strong portfolio of U.S. solar assets continues to create value for our customers and shareholders."

Separately, Canadian Solar and EDF Energies Nouvelles have secured a $163m funding from the Brazilian Development Bank for the 191.5MW Pirapora I project.

Canadian Solar has 20% stake in Pirapora photovoltaic project, which is situated in Minas Gerais of Brazil.

Recurrent Energy is engaged in the development of 4GW of solar capacity in the US, while Canadian Solar produces solar photovoltaic modules solar energy solutions for the customers across the globe.