First Solar Inc. is selling two solar photovoltaic projects in Utah, totaling 180 MWac, to D. E. Shaw Renewable Investments. Financial terms of the deal were not disclosed.
The 58-MW Cove Mountain and the 122-MW Cove Mountain 2 projects are currently under construction and expected to be completed in the second and fourth quarters of 2020, according to an Oct. 23 news release. Both projects have long-term power purchase agreements with Berkshire Hathaway Energy subsidiary PacifiCorp on behalf of Facebook.
The projects will be operated by First Solar Energy Services upon completion.