SunPower buys 1.5 GW U.S. solar power plant pipeline

SunPower building

SunPower acquired 1.5 GW of U.S. solar power plant development assets from Australia-based Infigen Energy. With the acquisition, SunPower has assumed ownership of projects in varying stages of development across 11 states.

Included in the development portfolio are three projects totaling 55 MW (AC) with power purchase agreements with Southern California Edison.

All three are located in Kern County, Calif. SunPower expects to start construction on these projects later this year with commercial operation anticipated in 2016.

SunPower expects to offer some of the acquired projects for sale to 8point3 Energy Partners LP (CAFD), the YieldCo joint venture formed by SunPower and First Solar.

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