Sustainable Power Buys 26.5-Megawatt Project From Solairedirect

Sustainable Power Group, an independent power producer backed by Fir Tree Partners, bought a 26.5-megawatt project in California from Solairedirect SA.

Solairedirect USA Inc., a subsidiary, will break ground on the utility-scale Adera project near Fresno beginning this quarter, Salt Lake City-based Sustainable Power said in statement Tuesday. The power plant is expected to be operational in mid-December. Terms of the sale weren’t disclosed.

Southern California Edison Co. has agreed to buy the solar farm’s output under a 20-year contract. Adera will generate enough electricity for about 3,000 homes.

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