SOURCE: Swinerton Renewable Energy

Swinerton Renewable Energy

April 26, 2016 12:53 ET

Swinerton Renewable Energy Partners With D. E. Shaw Renewable Investments and Sungrow on Red Horse 3 Solar Project

SAN DIEGO, CA--(Marketwired - April 26, 2016) - Building on the success of Red Horse 2 wind and solar project, Swinerton Renewable Energy (SRE) was selected by an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) to construct the Red Horse 3 solar project. Work on this 30 MW AC project, which is located near Willcox, Arizona, roughly 80 miles east of Tucson, began in December and is slated to complete in the second quarter of 2016. The project features Sungrow central inverters, Jinko modules, and Array Technologies Inc. single-axis trackers. The power generated by the facility is expected to connect directly into the Tucson Electric Power grid.

Red Horse 3 is being built on land adjacent to Red Horse 2. In addition to engineering, procurement, and construction duties, SRE has a 10-year agreement to provide operations and maintenance services for both projects. Trusted partner Blymyer Engineers has been contracted to provide engineering services alongside the SRE team. SRE is dedicated to hiring from the local workforce, and nearly two-thirds of the on-site employees are residents of the surrounding area.

"Red Horse 3 is yet another example of a successful joint effort with DESRI to bring both jobs and affordable, clean energy to the residents of Arizona," said Mr. George Hershman, Senior Vice President and General Manager of Swinerton Renewable Energy. "We are also excited to partner with Sungrow, an innovative developer of energy conversion products, to use their inverters for the first time."

"Sungrow is happy to be a part of Red Horse 3 and anticipates this project to be the first of many renewable projects with the Swinerton and DESRI teams as we serve this growing industry," said Professor Renxian Cao, CEO of Sungrow. "We look forward to delivering the highest quality products so we can help build a best-in-class solar farm with our valued partners."

About Swinerton
Swinerton Renewable Energy (SRE) offers engineering, procurement, construction, and SOLV® services for solar photovoltaic plants throughout North America to a diverse range of clients. Over 125 years of building landmark projects, Swinerton has forged a reputation for unsurpassed safety, workmanship, on-time delivery, and customer satisfaction. Today, our team takes pride in building cost-effective solar systems that will generate reliable, clean power for many years to come. SRE has delivered over 1 GW solar projects and our SOLV team manages over 1.5 GW of PV plants. Learn more about Swinerton Renewable Energy at http://www.swinertonrenewable.com/

About Sungrow
Sungrow is one of the world's leading PV inverter manufacturers with over 20GW installed globally. Sungrow's product lineup includes grid-connected PV inverters, energy storage systems, and wind converters. Founded in China in 1997 by Professor Renxian Cao, Sungrow is a global leader in research and development in the PV inverter industry, with a broad product lineup certified to operate for residential, commercial, and industrial-scale PV plants. Sungrow employs more than 1,500 people, of which over 30% are R&D engineers, and maintains a 30% market share in China and over 20% in Germany. With a global installed base of over 20 GW, over 300MW installed in North America, 2015 shipments exceeding 8 GW, and continued financial strength, Sungrow is committed to its customers and stakeholders in the renewable energy industry and to improving the environment. Sungrow continues to develop more efficient and cost-effective solutions to bring more green energy into our lives. Learn more about Sungrow by visiting http://en.sungrowpower.com/

About D. E. Shaw Renewable Investments, L.L.C. (DESRI)
D. E. Shaw Renewable Investments and its affiliates own and manage long-term contracted renewable energy assets in North America with a portfolio of more than 20 projects totaling approximately 1,000 megawatts of capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $37 billion in investment capital as of March 1, 2016, and offices in North America, Europe, and Asia. Please visit www.deshaw.com for more information about the D. E. Shaw group.

About Blymyer Engineers
With expertise in solar energy, industrial facility design, and environmental services, Blymyer Engineers are licensed in nearly 30 states, and have completed more than 500 projects and 2.3 GW of engineered solar plants worldwide. Learn more about Blymyer by visiting http://blymyerengineers.com/

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