Desert Sunlight 300

First Solar completed the sale of the Desert Sunlight project including Desert Sunlight 300, LLC to affiliates of NextEra Energy Resources and GE Energy Financial Services on September 30, 2011. First Solar sold a 50% interest to each buyer. Financial details of the transaction were not disclosed.

EFS Desert Sun, LLC and NRG Yield Operating LLC executed a purchase and sale agreement under which NRG Yield would acquire GE's remaining 25% interest. The announced consideration was $285 million plus assumption of $287.4 million of non-recourse project debt; the transaction was expected to close by June 30, 2015.

A contemporaneous report said CalPERS would acquire a stake through Gulf Power Pacific, a Harbert-managed vehicle backed by CalPERS. The retrieved record does not disclose the seller, exact percentage, or consideration.

NextEra Energy Partners announced an agreement to acquire an indirect 24% interest in Desert Sunlight Investment Holdings from a subsidiary of NextEra Energy Resources for a $218 million purchase price, subject to customary closing conditions and expected fourth-quarter 2016 completion. The price accounted for approximately $258 million of existing non-recourse project debt.