Goldman Sachs Renewable Power LLC Acquires 123MW Project from First Solar - Seite 2

“Partnering with GSRP on its acquisition of the American Kings solar project represents M&T’s ongoing commitment to the renewable energy sector,” said Eric Heintz, director of Energy Finance at M&T Bank, which will provide the tax equity financing for the project. “GSRP is a strong team well positioned to move the American Kings initiative forward and bring us all closer to our shared goal of a clean energy future.”

Once operational, American Kings will displace 78,000 metric tons of CO2-equivalent annually, which is equivalent to taking 15,000 cars off the road every year and saving 79 million liters of water annually, based on California averages. The air quality benefits of the project will amount to more than $12 million in avoided healthcare costs annually.

First Solar celebrated two decades since its founding in 1999, and has shipped over 25GW_DC of PV modules to over 45 countries around the world, making it the only American solar module manufacturing company to achieve this milestone. With 1.9GW_DC of annualized manufacturing capacity in Ohio, First Solar is the Western Hemisphere’s largest solar manufacturer. The Company also operates manufacturing facilities in Vietnam and Malaysia, with a global annualized Series 6 manufacturing capacity of 5.5GW_DC.

About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy solutions protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

About Goldman Sachs Renewable Power LLC
Goldman Sachs Renewable Power LLC is a privately held company managed the Renewable Power Group of Goldman Sachs Asset Management (GSAM).  GSRP is the sponsor of more than 800 solar projects across 27 U.S. states that collectively have a capacity of more than 1.8 gigawatts of clean, renewable power.  GSAM’s Renewable Power Group is comprised of investment professionals with leading industry expertise across transaction sourcing, financial analysis, power markets and physical asset analysis and operations. The team takes a long-term ownership approach to the operations and management of renewable assets and benefits from Goldman Sachs’ extensive network of relationships, leading institutional infrastructure and in-house industry knowledge and experience. The Renewable Power Group is part of GSAM, one of the world’s leading asset managers with approximately $1.8 trillion in assets under supervision globally as of March 31, 2020.