First Solar Sells California Flats Project to Capital Dynamics
Phase I commissioning expected Q4 2017, Phase II commissioning expected Q4 2018
Located on approximately 2,900 acres of ranch land within the
“We are very excited to have completed another important transaction
”We are proud to continue our support of Capital Dynamics renewable
energy strategy,” said
Earlier this year, Capital Dynamics acquired cash equity in the
By using renewable energy from the sun, the
About Capital Dynamics’ Clean Energy Infrastructure team
Capital Dynamics’ Clean Energy Infrastructure (“CEI”) team holds
extensive expertise in investing, financing, owning and operating
conventional and clean energy businesses globally. Established to
capture attractive investment opportunities in this class of real
assets, Capital Dynamics’ CEI mandate is to invest directly in proven
clean energy technologies – such as solar, wind, biomass, conventional
gas generation and waste gas-fueled power generation – across the globe.
Since the establishment of Capital Dynamics’ CEI business, the CEI team
has acquired, built and now manages nearly 2,400 MW of clean energy
The information contained in this press release is not to be considered investment advice and shall not constitute an offer to sell or a solicitation of an offer to purchase securities or enter into any agreement with Capital Dynamics.
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: effects on our financial statements and guidance resulting from certain module manufacturing changes and associated restructuring activities; our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs (including estimated future module collection and recycling costs), warranties, solar module efficiency and balance of systems cost reduction roadmaps, restructuring, product reliability, investments in unconsolidated affiliates and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; the impact of public policies, such as tariffs or other trade remedies imposed on solar cells and modules; our ability to reduce the costs to construct PV solar power systems; research and development programs and our ability to improve the conversion efficiency of our solar modules; our ability to expand manufacturing capacity worldwide; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as "estimate," "expect," "anticipate," "project," "plan," "intend," "seek," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue" and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in Item 1A: "Risk Factors," of our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission.