Solar Frontier announced today that it has completed the acquisition of Gestamp Solar's 280MW US pipeline.
The acquired 280MW pipeline is comprised of ten projects in various stages of development and located primarily in California. Construction has been initiated on a 15MW project located in Kern County, CA. The second project is a 20MW site and construction is slated to begin this quarter.
Charles Pimentel, newly appointed CEO of Solar Frontier Americas Development LLC, said, "Solar Frontier is making substantial investment within the Americas and with this acquisition, we expect to build and deliver some of the highest performing solar energy projects in the industry thanks to Solar Frontier's state-of-the-art CIS technology. Solar project investors and developers are keenly focused on long-term energy yield and they are starting to recognize and understand the value of partnering with Solar Frontier to maximize the value of their PV plants."
Atsuhiko Hirano, CEO of Solar Frontier, said, "Solar Frontier has a powerful track record of delivering projects that perform. We are confident that our investment in this highly-skilled team will be a catalyst to broaden our services in the Americas and drive world-class value to our customers."