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ByCameron Murray January 11, 2023 A 400MW early-stage battery storage project in ERCOT, Texas, has been acquired by a joint venture (JV) controlled by Italian firms Redelfi and Altea Green Power, for up to US$8.5 million. The firms’ JV entity BESS Power Corporation has finalised the purchase of the standalone 400MW Lund Storage Center from…
ByCameron Murray January 11, 2023 Wells Fargo, MUFG and Silicon Valley Bank have completed US$260 million of construction financing for Leeward Renewable Energy’s Chaparral Springs solar-plus-storage project in California. The developer announced the securing of financing and tax equity commitments for Chaparral Springs yesterday (10 January). The project in Kern County, California, will combine 174MW…
ByCameron Murray January 11, 2023 Flow battery firms Stryten Energy and CMBlu Energy have made moves to accelerate the commercialisation of their products in the US this week. Georgia-based Stryten Energy yesterday (10 January) announced a partnership with local co-operative electric utility Shipping Shoals EMC to demonstrate its vanadium redox flow battery (VRFB) technology and…
ByAndy Colthorpe January 12, 2023 UK-headquartered investment management group NextEnergy Capital has acquired six standalone battery storage and six solar PV projects in Greece. The acquisitions have been made by NextPower ESG III, a private solar fund managed by NextEnergy Capital to invest in the OECD region. Launched in 2018, its fundraising closed in January…
ByAndy Colthorpe January 12, 2023 US utility Dominion Energy’s subsidiary in South Carolina has contracted a power purchase agreement (PPA) for a US$200 million solar-plus-storage power plant in the state. Large-scale solar PV and energy storage developer Southern Current announced yesterday (11 January) that the PPA has been signed with Dominion Energy South Carolina (DESC)…
ByCameron Murray January 12, 2023 Renewables developer Intersect Power has brought a 310MWp PV, 448MWh energy storage system project online in California. The company announced the 22 December 2022 start of commercial operations for its Athos III solar project in Riverside County yesterday (11 January, 2023). The solar PV can generate a maximum of 224MWac/310MWp…
By Will Norman January 10, 2023 African power development company Ncondezi Energy has secured a land agreement for its 300MW solar PV project in Tete, Mozambique. The solar assets will be paired with a battery energy storage system (BESS), although its potential sizing and capacity have not yet been discussed by the developer publicly. The…
ByAndy Colthorpe January 10, 2023 Energy storage could be a powerful asset in facilitating the transmission network upgrades required for New York’s transition to a low carbon electricity system, according to a new study. It is widely recognised that along with the buildout of significant new renewable energy generation and energy storage capacity, the US…
