Solar Frontier Americas, the U.S.-based renewable energy business of Idemitsu Kosan Company, announced that it has acquired a 100 MWDC solar plant from GCL New Energy, a member of GCL New Energy Holdings Limited. The project is located east of Denver, Colorado, in Adams County, and is currently in the final stages of development. Construction is expected to begin in the latter part of 2019, and it will serve a power purchase agreement with Intermountain Rural Electric Association (IREA), a nonprofit electric distribution cooperative based in Sedalia, Colorado. IREA serves over 160,000 customers in 11 Colorado counties.
“A shift is underway with traditional fossil fuel providers to support investments for clean energy that benefit the future of our environment and society. This acquisition exemplifies Solar Frontier Americas, and our parent company, Idemitsu’s commitment to furthering the sustainability of our society through the use of clean renewable power,” said Charles Pimentel, CEO of Solar Frontier Americas’ IPP business unit.
Solar Frontier Americas has also recently acquired a 210 MWDC solar project located in Kings County, California, and signed a 56-MW PPA with a California-based Community Choice Aggregator (CCA).
“This project transaction demonstrates Solar Frontier Americas prowess in the acquisition of quality projects,” said Frank Zhu, executive president of GCL New Energy. “GCL leverages its global knowledge to deliver the highest caliber of quality in our solar project development on our path to becoming one of the most respected global energy leaders in the world.”
“We are pleased that Solar Frontier Americas is purchasing the Pioneer Solar project and look forward to working with them through the power purchase agreement to provide renewable solar energy to our customers at a low, fixed cost for years to come,” said Patrick Mooney, CEO of IREA.
News item from Solar Frontier Americas