Solar Frontier Americas Development — the San Francisco-based downstream unit of the Tokyo-based CIS module supplier — did not disclose the terms of the deal. It has already locked in PPAs for the two projects with Pacific Gas & Electric, according to an online statement.
Capital Dynamics Clean Energy Infrastructure aims to start construction in the fourth quarter. The two projects will be built in California’s Fresno county, south of the city of San Joaquin.
In August, Showa Shell Sekiyu — the parent of Solar Frontier — reported that its Energy Solutions unit saw an operating loss of JPY 4.2 billion ($38.4 million) in the first half of 2017, down from JPY 3.4 billion in the first half of fiscal 2016. The division, which includes the operations of Solar Frontier, said that it is shifting its focus to the Japanese PV market, due to tough competition in the global market.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.