Published: 20 Jan 2021, 06:42
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Some of Green Investment Group s selected year-in-review highlights of 2020. Image: GIG via Twitter.
The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects.
esVolta has 600MWh+ of contracted energy storage projects in California, including the 75MW / 300MWh Hummingbird Energy Storage project which is one of several new facilities enabling investor-owned utility Pacific Gas & Electric (PG&E) to retire a 605MW natural gas plant in Coyote Valley, California. Elsewhere in the state - which has aggressive policy goals to reach 100% clean energy by 2045 - the developer was picked by Community Choice Aggregator (CCA) groups to help support their supply of electricity to retail customers with a 15MW / 60MWh standalone battery storage project. In February 2020, esVolta closed a sen