The Catalina photovoltaic plant is situated on 1,100 acres of sunny and windy Mojave Desert land southwest of the Tehachapi Mountains in Rosamond, California.
The transaction provides GE with one gigawatt, $1.5m solar investment commitments, which include around 50 installations.
In late 2012, the investment group initially acquired a minority ownership stake in the 143-megawatt project from EDF Renewable Energy, prior to the first 60 MWp going online.
The group purchased the remaining stake and converted the entire structure to a single investor lease, following construction completion and achievement of commercial operations in August.
Catalina Solar, which includes about 1.1 million thin-film PV solar modules from First Solar and Solar Frontier, provides clean energy to San Diego Gas & Electric.
GE Energy Financial Services power and renewable energy managing director Kevin Walsh said, "EDF Renewable Energy has proven to be an excellent partner on Catalina Solar and other projects we have done together, a partner that shares our commitment to delivering reliable, productive and economic renewable energy projects."
