First Solar, Inc. and D. E. Shaw Renewable Investments, L.L.C. announced the acquisition by a DESRI affiliate of the 40MWac Cuyama Solar Project in Santa Barbara County, California.
The project, which was developed by First Solar, is currently under construction, with completion anticipated by the end of 2017.
"We are delighted to work with First Solar on another California solar project," said Bryan Martin, CEO of DESRI. "Their technology and integrated power plant solutions will help us provide a cost-effective energy solution for the residents and businesses of Santa Barbara."
"We are pleased to build on this exciting relationship," said Georges Antoun, First Solar's Chief Commercial Officer. "DESRI's clear commitment to building their portfolio with affordable, clean energy is a strong match with First Solar technology."