News: Photovoltaics
1 April 2021
First Solar completes sale of US development platform to Leeward
Following an agreement in January, cadmium telluride (CdTe) thin-film photovoltaic (PV) module maker First Solar Inc of Tempe, AZ, USA has completed its sale of a utility-scale solar project platform of about 10GWAC to Leeward Renewable Energy Development LLC of Dallas, TX, USA (which owns and operates a portfolio of 22 renewable energy facilities across nine states totaling about 2000MW of generating capacity).
Leeward is a portfolio company of OMERS Infrastructure (an investment arm of OMERS, one of Canada’s largest defined benefit pension plans, with CDN$105bn in net assets, as at end-December 2020). Leeward is actively developing new wind, solar and energy storage projects in energy markets across the USA.
As part of Leeward’s acquisition of the US project platform, more than 50 members of the First Solar project development team have joined Leeward.
First Solar completes sale of North American O&M business to NovaSource
