Leeward Closes 10GW First Solar Pipeline Acquisition
US developer Leeward Renewable Energy has completed the acquisition of a 10GW solar pipeline from First Solar after the deal was announced in January.
At the close of the acquisition, 50 First Solar development team members joined Leeward, expanding Leeward’s total employees base to nearly 200, factoring in projected new hires by the end of 2021.
The project development platform includes 773MW (AC) of projects that are expected to commence construction in the next two years, as well as the 30MW (AC) Barilla solar project, which is operational.
The acquisition “significantly expands” Leeward’s solar development portfolio, which now reaches 14GW, as well as its geographic footprint across the south-east and south-west US.
Leeward CEO Jason Allen said: “The acquisition of this development platform from First Solar gives Leeward an advanced solar pipeline that accelerates our growth as we continue to meet the needs of our customers.
“We are pleased to welcome the First Solar development team to the Leeward family as we embark on this next chapter with a shared commitment to build sustainable solutions for clean, renewable energy.”