Japan-based Solar Frontier has completed the acquisition of Gestamp Solar’s 280-megawatt pipeline of US solar power plants.
The pipeline includes 10 projects in various stages of development and located primarily in California. Construction has started for a 15-MW project located in Kern County. Construction is due to start this quarter for a 20-MW project. Solar Frontier said it is talks with a group of investors for the sale of designated solar projects.
The company also named Charles Pimentel as the CEO of Solar Frontier Americas’ new division, Solar Frontier Americas Development, 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 said the expansion of the US 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,” said Pimentel . “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.”