Sumitomo Invests In 550 MW Desert Sunlight Solar Farm

Posted by SI Staff on October 03, 2012 No Comments
Categories : New & Noteworthy

Sumitomo Corp. of America, together with its parent, Sumitomo Corp., has invested in the Desert Sunlight Solar Farm, a 550 MW solar power project under construction in the California desert east of Palm Springs.

The investment, Sumitomo's first in U.S. solar projects, will expand its renewable energy portfolio, which already includes over 1,800 MW in projects across the U.S., the company says. Sumitomo's Desert Sunlight investment was made through a purchase of part of GE Energy Financial Services' share in the Desert Sunlight project, giving the company 25% ownership.

According to the U.S. Department of the Interior, Desert Sunlight is the largest solar PV facility approved for U.S. public land. The solar farm – whose other investors include NextEra Energy Resources – was initially developed by First Solar Inc. First Solar will construct, operate and maintain the project, which uses its thin-film PV technology.

Desert Sunlight has secured power purchase agreements to supply Southern California Edison with 250 MW, and Pacific Gas & Electric with 300 MW, of energy for the next two decades.

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