A Squire Patton Boggs team, led by Washington DC partner Kevin Levey, advised First Solar, a leading global provider of comprehensive photovoltaic (PV) solar systems, on the sale of two separate solar power plants, located in Georgia and California, respectively.
Origis Energy acquired the GA Solar 4 Project from First Solar. Located in Twiggs County, GA, the 200 MWAC photovoltaic solar generation asset is expected to be the largest solar power plant in the southeastern US once completed. Construction of the 2,000-acre project is expected to begin this month, and will consist of more than half a million of First Solar’s advanced technology thin film solar modules on single axis tracker mounts. Origis will sell all energy and renewable attributes of the project to Georgia Power through the utility’s Renewable Energy Development Initiative program.
In a second, separate transaction, Squire Patton Boggs played a role in advising First Solar on the sale of its 100 MWAC Willow Springs Solar Project to an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI). Developed by First Solar, the project – located in Kern County, California – is under construction and anticipated to be completed at the end of this year. The project will supply power to Southern California Edison Company through a long-term Renewable Power Purchase and Sale Agreement. The firm assisted First Solar in negotiating the engineering, procurement and construction (EPC) agreement.
First Solar was advised by Mr. Levey and associate Hannah Zapfe.