First Solar will pass 10 gigawatts of in-development projects to wind developer Leeward Renewable Energy, the companies announced Monday, as the solar manufacturer continues to overhaul its business.
The sale accounts for a majority of First Solar’s project assets, in an anticipated move underscoring the company’s plans to concentrate primarily on manufacturing. First Solar is the largest solar panel maker in the U.S. and also produces panels in Vietnam and Malaysia. It has discussed streamlining its business for some time, announcing a “strategic review” last year.
“At our core, we are a technology and manufacturing company,” CEO Mark Widmar said during the company s Q4 earnings call in February of last year. “Over time, we have added to this core competency in order to address unmet needs within the market, optimizing around and enabling delivery of our products and capturing an incremental profit pool.”
First Solar to Sell Most of U.S. Development Platform to Leeward
First Solar is selling five development platforms comprising about 10 gigawatts to Leeward Renewable Energy.
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Shares of solar energy company First Solar (
FSLR) - Get Report jumped Monday after the company announced it s selling most of its U.S. project development platform to renewable energy company Leeward Renewable Energy.
Leeward is adding solar panels to its portfolio of 21 wind farms across nine states that generate about 2,000 megawatts of capacity. The companies expect the deal to close in the first quarter of this year.
Leeward s purchase consists of a utility-scale solar project platform of about 10 gigawatts. The financial terms of the acquisition were not disclosed Monday.
Thursday, 14 January 2021
GE Renewable Energy has announced it has been selected by Leeward Renewable Energy LLC as its wind turbine technology partner in the repowering of Leeward’s 90 MW Aragonne Wind Project in Guadalupe County, New Mexico. Courtesy of Leeward Renewable Energy
When combined with the new greenfield 145 MW Aragonne Mesa Wind project, the total wind farm output will increase to 235 MW.
As a part of this effort, GE will be providing a total of 86 2.x-127 and 2.3-116 wind turbine generators (WTG) to Leeward. The Aragonne Wind repower will replace the project’s 90 existing units with new WTG technology, resulting in increased performance and reliability. The projects are anticipated to be completed in late 2021.
GE to supply turbines for 235MW of wind projects in New Mexico, US
The company will supply a total of 86 2.x-127 and 2.3-116 wind turbine generators for the projects
GE to repower a wind farm in New Mexico. (Credit: General Electric.)
GE Renewable Energy has selected by Leeward Renewable Energy to supply turbines for two wind farms totaling 235MW capacity, located in the US state of New Mexico.
The supply agreement includes repowering the 90MW Aragonne wind project in Guadalupe County and the new greenfield 145MW Aragonne Mesa wind project development.
As per the agreement, GE will supply a total of 86 2.x-127 and 2.3-116 wind turbine generators (WTG).
Source: GE
GE Renewable Energy technology will be used to repower the existing 90 MW Aragonne Wind project
GE will also power the 145 MW Aragonne Mesa new greenfield wind project, yielding a new windfarm complex of 235 MW
Schenectady, NY, January 11, 2021 – GE Renewable Energy announced today that it has been selected by Leeward Renewable Energy, LLC (Leeward) as its wind turbine technology partner to repower its 90 MW Aragonne Wind Project in Guadalupe County, New Mexico. When combined with the new greenfield 145 MW Aragonne Mesa Wind project, the total wind farm output will increase to 235 MW.
As a part of this effort, GE will be providing a total of 86 2.x-127 and 2.3-116 wind turbine generators (WTG) to Leeward. The Aragonne Wind repower will replace the project’s 90 existing units with new WTG technology, resulting in increased performance and reliability. The projects are anticipated to be completed in late 2021.