Published: 11 May 2021, 13:50
By:
Andy Colthorpe
Desert Community Energy also signed off-take deals for wind power with power producer Terra-Gen in February. Image: Desert Community Energy via Twitter, cropped by Andy Colthorpe.
A long-term power purchase agreement has been signed for the output of a 50MW solar farm with 200MWh of battery storage, by Desert Community Energy, one of several Community Choice Aggregator (CCA) energy suppliers in California.
Desert Community Energy signed a 20-year PPA deal with developer Vesper Energy for the CCA to buy all of the energy produced by the Deer Creek project for its customers in the City of Palm Springs. The 378 acre project in California’s Tulare County is scheduled to begin construction in 2022 for completion during the following year.
Speedy Expansion of Renewables Capacities in Emerging Economies to Benefit the Battery Energy Storage Market Growth – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Pune, India, Feb. 12, 2021 (GLOBE NEWSWIRE) The global battery energy storage market size is projected to reach USD 19.74 billion by 2027, exhibiting a .
Published: 11 Feb 2021, 12:11
By:
Andy Colthorpe
sPower s parent company AES recently completed the Alamitos battery storage project (pictured), also in California, also 100MW / 400MWh. Image: AES Corporation.
A debt financing deal closed by independent power producer (IPP) sPower for a 100MW / 400MWh battery storage project in California demonstrates that significant project finance investment can be achieved for large-scale battery facilities.
That’s according to Frank Beckers, a partner at renewable energy and clean technologies advisory firm Apricum Consulting. Beckers was asked to comment by
Energy-Storage.news on an announcement earlier this week by sPower that the IPP has closed a transaction worth US$152.4 million to finance its Luna Storage standalone lithium-ion battery project in the City of Lancaster, Los Angeles County.
sPower, Now Part of AES Clean Energy, Closes Landmark Debt Financing for a 400 MWh Standalone Battery Storage Project in California
Landmark financial deal for Luna Storage showcases standalone storage viability in pursuit of a more reliable grid
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ARLINGTON, Va., Feb. 8, 2021 /PRNewswire/ The AES Corporation (NYSE: AES) announced the closing of $154.2 million in non-recourse debt financing for Luna Storage, a 400-megawatt hour standalone lithium-ion battery storage project in the City of Lancaster, in Los Angeles County, California. The transaction was closed by sPower, an Independent Power Producer (IPP), in late December 2020. In early January 2021, sPower merged to become part of AES clean energy business in the United States. The combined business represents one of the top renewables growth platforms in the country with the expertise to innovate customizable r