San Jose-based Solar Frontier Americas, the US subsidiary of Tokyo-based Solar Frontier – the largest manufacturer of CIS (copper indium selenium) thin-film photovoltaic (PV) solar modules – has sold two fully developed solar project sites to Capital Dynamics, a Swiss-based asset management company investing in private equity and clean energy infrastructure. “Our team has successfully acquired 14 solar portfolios to date,” notes John Breckenridge, head of Capital Dynamics’ Clean Energy Infrastructure (CEI).
Located in Fresno County, just south of San Joaquin, California, the two sites combined have a planned capacity of 28MWDC. Capital Dynamics plans to execute construction on the projects, which are packaged with permits and power purchase agreements (PPA) with Pacific Gas & Electric.
“Solar Frontier continues to grow its development organization and deliver world-class, utility-scale solar projects,” says Charles Pimentel, CEO of Solar Frontier Americas Development. “We are pleased to close the sale of these California projects and expand our relationship with one of the leading clean energy infrastructure firms, Capital Dynamics,” he adds.
“Solar Frontier Americas Development has delivered well-executed solar sites that we plan to progress into construction in the next quarter,” says Breckenridge, adding that the projects will “contribute to helping the national solar leader, the state of California, move closer to its impressive renewable energy goal of 50% by 2030.”