Leeward Renewable Vitality acquires growth platform from First Solar
Leeward Renewable Energy LLC, a renewable energy company and portfolio company of OMERS Infrastructure, has completed the previously announced acquisition of a utility-scale solar project platform of approximately 10 GW AC from First Solar Inc.
The project development platform includes 773 MW AC from projects expected to begin construction in the next two years, as well as the 30 MW AC Barilla solar project that is in operation. According to Leeward, the acquisition significantly expands its solar development portfolio, which has reached 14 GW, as well as its geographic presence in the southeast and southwest of the United States.
"By acquiring this development platform from First Solar, Leeward will have an advanced solar pipeline that will accelerate our growth as we continue to meet our customers' needs," said Jason Allen, CEO of Leeward. "We look forward to welcoming the First Solar development team to the Leeward family as we begin this next chapter with a shared commitment to developing sustainable solutions for clean energy."
At the completion of the acquisition, 50 members of the First Solar development team joined Leeward, increasing the total number of Leeward employees to nearly 200 – new employees are expected to be hired by the end of this year.