Primergy Solar & Quinbrook commission Gemini Solar+Storage Project; Clearway bags construction financing; Intersect Power signs up for Tesla Megapacks; DOE loan for 2 solar & storage farms in Puerto Rico.
Gemini project online: US-based utility-scale solar power projects developer Primergy Solar has commissioned what it calls the largest co-located solar plus battery energy storage system (BESS) project in the US. Backed by the global investment manager Quinbrook Infrastructure Partners, the project in Clark County, Nevada houses 1.8 million solar panels with a total capacity of 690 MWwith. These are co-located with 380 MW of 4-hour BESS to provide 1,400 MWh of clean and reliable power. It uses a ‘unique’ DC-coupled storage that enables the BESS to charge directly from the solar panels, which increases its efficiency and maximizes the use of solar energy directly on-site. It powers approximately 10% of Nevada’s peak power demand. Primergy says it is now delivering clean energy to communities in Las Vegas and beyond. The Gemini project is now owned by the Dutch pension asset manager APG with a 49% stake and Quinbrook Valley of Fire Fund with a 51% stake.
$700 million for California projects: Clearway Energy Group has raised $700 million in construction financing for 2 new solar energy and battery storage projects in California. The 200 MW Luna Valley solar project is located in Fresno County, while the 113.5 MW Daggett Storage is a standalone BESS facility in San Bernardino County. The latter is the final phase of the 482 MW Daggett Solar+394 MW Storage Complex. San Diego Gas & Electric (SDG&E) has contracted equal amounts of solar power and energy storage from both projects under 15-year agreements. The remaining capacity of the solar project is contracted under 20-year agreements with Southern California Edison and Power & Water Resources Pooling Authority. Financing was arranged from a bank consortium of Nord/LB, Societe Generale, KeyBanc Capital Markets Inc., DNB, and ANZ.
Tesla deal for Intersect: For its solar and storage project portfolio through 2030, Intersect Power has signed a deal with Tesla for 15.3 GWh of Megapacks from the latter. This makes Intersect one of the largest buyers and operators of Megapacks globally with nearly 10 GWh of large-scale energy storage expected to be deployed by 2027-end. Intersect said Tesla has previously supplied it with 2.4 GWh of Megapacks. It plans to use over half of this new order for 4 projects in California and Texas that are scheduled to come online by 2027-end. The balance will be utilized in its other projects that are due to become operational in 2028-30.
$861.3 million loan for Clean Flexible Energy: The US Department of Energy (DOE) has approved a conditional loan guarantee of up to $861.3 million to Clean Flexible Energy, LLC. The latter is a joint venture (JV) of AES Corporation and TotalEnergies Holdings USA. It will finance the construction of 2 solar PV projects with battery storage, and 2 standalone BESS in Puerto Rico dubbed Project Marahu. Together, this loan will back 200 MW of solar PV and up to 285 MW (1,140 MWh) of standalone BESS capacity in the municipalities of Guayama (Jobos) and Salinas. The DOE said these projects will power close to 43,000 homes once operational, while lending grid reliability and energy security for Puerto Rico. This clean energy will replace retired fossil fuel power plants reliant on imported fuel.
Source from Taiyang News
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