The pioneering Southern solar developer will now be backed by Europe’s largest oil and gas company.
The investment group will use the bonds to refinance the land leases it holds under 57 solar projects totaling 1.2 GW in capacity.
The Mississippi-based CIGS manufacturer cites “intense” competition from imports.
The project is part of a utility-scale solar boom in Mississippi
This plant and three other projects will allow utility Mississippi Power to reach 160 MW-AC of large-scale solar.
Silicon Ranch will build, own and operate the SR Meridian project, as part of a boom in large-scale solar in the Southern state.
The 52 MW-AC Sumrall 2 project follows another 52 MW-AC project in the same small town that went online last December.
D.E. Shaw expects to complete the plant in Sumrall by the second quarter of 2017.
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