Canadian Solar Inc., has announced its wholly owned subsidiary Recurrent Energy LLC ("Recurrent Energy") has completed the sale of its 150 MWac/210 MWp Mustang Two solar project to Solar Frontier Americas ("SFA").

"The Mustang Two transaction is the latest example of the strong demand we see globally for Canadian Solar's high quality solar assets, given our ability to partner at various points in a project's development," said Shawn Qu, chairman and chief executive officer of Canadian Solar. "We are pleased to partner in this transaction with Solar Frontier Americas, given its extensive solar project development and construction experience."

Located on 1,400 acres in Kings County, California, the Mustang Two project is expected to create approximately 400 jobs during peak construction. In this partnership, Recurrent Energy will continue to manage the development of the project, readying it for construction; Solar Frontier Americas will finance and manage the construction of the project, which is slated to achieve commercial operation in 2020. The project will then be operated by Solar Frontier Americas' growing independent power producer ("IPP") business.

"With this important acquisition, SFA further expands its U.S. business to become an independent power producer, an owner of operating electric power facilities," said Charles Pimentel, CEO of Solar Frontier Americas' IPP business unit. "We already have a substantial greenfield pipeline and are actively acquiring utility-scale projects and development assets to further scale our business."

Once the project is operational, the energy generated by the solar power facility will be split between two long-term power purchase agreements: Peninsula Clean Energy (the community choice energy agency which serves San Mateo County) is contracted to receive 100 MWac, and the Modesto Irrigation District will acquire 50 MWac. The combined energy generation from the two PPAs will power 37,500 homes with clean electricity.

Related Links
Recurrent Energy
All About Solar Energy at SolarDaily.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Sun-soaking device turns water into superheated steam
Boston MA (SPX) Dec 13, 2018
MIT engineers have built a device that soaks up enough heat from the sun to boil water and produce "superheated" steam hotter than 100 degrees Celsius, without any expensive optics. On a sunny day, the structure can passively pump out steam hot enough to sterilize medical equipment, as well as to use in cooking and cleaning. The steam may also supply heat to industrial processes, or it could be collected and condensed to produce desalinated, distilled drinking water. The researchers previous ... read more