Solar Frontier Americas (SFA), the U.S. renewable energy business of Japanese petroleum company Idemitsu Kosan Co., has acquired a 100 MW Colorado solar plant from GCL New Energy Inc., a member of GCL New Energy Holdings Ltd.
The Pioneer Solar Project, located east of Denver in Adams County, is currently in the final stages of development. Construction is expected to begin in the latter part of 2019. The project has a power purchase agreement (PPA) with Intermountain Rural Electric Association (IREA), a nonprofit electric distribution cooperative based in Sedalia, Colo. IREA serves over 160,000 customers in 11 Colorado counties.
“A shift is underway with traditional fossil fuel providers to support investments for clean energy that benefit the future of our environment and society,” comments Charles Pimental, CEO of SFA’s independent power producer business unit. “This acquisition exemplifies Solar Frontier Americas and our parent company Idemitsu’s commitment to furthering the sustainability of our society through the use of clean, renewable power.”
SFA also recently acquired a 210 MW solar project located in Kings County, Calif., and signed a 56 MW PPA with a California-based community choice aggregator.