SPI Energy, has closed on two solar projects which are part of the framework agreement, announced in July, to acquire up to eight solar projects totaling 21 MW in the state of Oregon.
Courtesy of NREL
The acquired Manchester and Waterford solar projects will produce a total of approximately 5.4MW in Oregon. Both the Manchester and Waterford solar projects are ground-mounted PV projects located in Yamhill County and Polk County, Oregon, respectively. Upon completion of these two PV projects, SPI will sell the power to Portland General Electric.
Xiaofeng Peng, Chief Executive Officer of SPI Energy, commented, "We are pleased with the timely closing of the acquisition of the Manchester and Waterford projects as we believe the Oregon Portfolio will be a great addition to our current solar project pipeline."