Solar+Storage

Longroad Energy Holdings Picksup 900 MWdc Solar and 1-2 GWh Storage from First Solar

Longroad Energy Holdings (Longroad), a US-based renewable energy engineer, proprietor, and administrator, announced today the marking of the procurement of Sun Streams 2, 4, and 5, which absolute around 900 MWdc altogether solar limit in addition to the potential for 1-2 GWh of battery stockpiling. Longroad likewise shut the procurement of Sun Streams 2. The end of Sun Streams 4 and 5 is dependent upon administrative endorsements and standard shutting conditions.

The activities were bought from First Solar, Inc. (Nasdaq: FSLR). Longroad will likewise control its Sun Streams portfolio with First Solar's capably created solar innovation and has executed buy arrangements for 900 MWdc of Series 6 modules, of which 700 MWdc address new appointments for First Solar.

Sun Streams 2 is being developed by McCarthy Building Companies and is relied upon to be operational in June 2021. Sun Streams 2 energy creation is sold under a drawn out agreement.

Sun Streams 4 and 5 are improvement projects with target operational dates of 2022 and 2024, separately. The two activities are as of now uncontracted and remarkably situated to oblige an assortment of offtake structures, with or without capacity.

"Arizona is an important location for Longroad as we seek to bring competitive renewable projects to power buyers in the Western U.S.," said Paul Gaynor, CEO of Longroad Energy.  "The Sun Streams complex is ideally positioned.  It is adjacent to one of the most significant power hubs in the desert Southwest and California, the solar resource is excellent, and we have multiple transmission options with direct access to CAISO and the Southwest markets.  We also have the ability to include a significant amount of energy storage capacity to make the assets even more competitive.  We look forward to bringing the rest of the Sun Streams complex to fruition."

The Sun Streams acquisitions expand on a developing presence in Arizona for Longroad, which as of now possesses working solar undertakings in the state just as a current improvement portfolio. Longroad has dispatched the beginning exertion for the Sun Streams 4 and 5 activities.

About Longroad Energy Holdings, LLC

Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services.  Today, Longroad owns 1.6 GW of operational and under construction wind and solar projects across the United States.  Its services affiliate, Longroad Energy Services, operates and manages 3.0 GW in total comprised of these projects plus 1.4 GW of wind and solar projects on behalf of third parties.  Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad's management team.

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