27 Apr '15, 5pm

Solar Frontier completes 280MW Gestamp US project buyout

Solar Frontier has completed the acquisition of Gestamp's US PV project pipeline. Image: Solar Frontier. Japanese firm Solar Frontier has completed its acquisition of the US project pipeline of developer Gestamp Solar. Under the deal, Solar Frontier will acquire 10 projects totalling 280MW in the US, primarily in California. First announced earlier this year , the Gestamp deal was billed as Solar Frontier’s first significant downstream move outside of its stronghold in Japan, where it has built projects as well as supplying its brand of CIS thin-film modules. In a statement on the closure of the deal, Solar Frontier said construction work had already begun on the first of the 10 projects, a 15MW plant in Kern County, California, with the second due, a 20MW project, to break ground in this quarter. It also said discussions were ongoing with investors about the sale of other...

Full article: http://www.pv-tech.org/news/solar_frontier_completes_280m...

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