Solar Frontier K.K. (Tokyo, Japan) on April 27th, 2015 announced that it has completed the acquisition of Gestamp Solar’s 280 MW US pipeline. Gestamp Solar is a global developer and operator of utility-scale photovoltaic (PV) plants.
The acquired 280 MW pipeline is comprised of ten PV projects in various stages of development and located primarily in California. Construction has been initiated on a 15 MW project located in Kern County, CA. The second project is a 20 MW site and construction is slated to begin this quarter. Talks are underway with a select group of long-term investors regarding the sale of designated solar projects, Solar Frontier notes.
Charles Pimentel has been named the CEO of Solar Frontier Americas’ new division, Solar Frontier Americas Development LLC, and Cary Vandenberg has been appointed Managing Director of the development organization. Pimentel will continue in his role as COO of Solar Frontier Americas.
Solar Frontier strengthens its position as a solar energy solutions provider
A key attribute of the acquisition is the addition of an experienced development team, Solar Frontier emphasizes. This expansion of the U.S. organization provides the platform to scale the US business and underscores Solar Frontier’s commitment to the US market.
The move comes as part of Solar Frontier’s global expansion plans, which include strengthening the company’s position as a comprehensive solar energy solutions provider in international markets.
“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,” comments Charles Pimentel, newly appointed CEO of Solar Frontier Americas Development LLC.
“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, added: “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.”
2015-04-28 | Courtesy: Solar Frontier | solarserver.com © Heindl Server GmbH
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