Solar Frontier Americas Development — the San Francisco-based downstream unit of the Japanese thin-film module supplier — did not disclose the terms of the deal. It has already locked in power contracts for the two projects with utility Pacific Gas & Electric Company (PG&E), according to an online statement.
Capital Dynamics Clean Energy Infrastructure aims to start construction in the fourth quarter. The two projects will be built in California’s Fresno county, south of the city of San Joaquin.
In August, Showa Shell Sekiyu — the parent of Solar Frontier — reported that its Energy Solutions unit saw an operating loss of JPY 4.2 billion ($38.4 million) in the first half of 2017, down from JPY 3.4 billion in the first half of fiscal 2016. The division, which includes the operations of Solar Frontier, said that it is shifting its focus to the Japanese PV market, due to tough competition in the global market.
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