The firm acquired 400MW of photo voltaic PV and 199MW of standalone battery power storage system (BESS) belongings from developer Galehead Development, unfold throughout three tasks within the states of New York, Idaho and Oregon.
The largest of the websites is the 300MWac Cedar Ridge photo voltaic PV undertaking in Blaine County, Idaho, co-located with a 150MW/600MWh four-hour length BESS. This asset is situated inside PacifiCorp’s area and can “present regional grid help according to PacifiCorp’s useful resource planning forecasts”, RWE mentioned.
In its 2023 Integrated Resource Plan (IRP), Pacificorp – which operates within the Western US – mentioned it intends to put in 20GW price of photo voltaic and wind capability throughout its markets by 2032.
RWE additionally acquired the 199MW/796 MWh four-hour length Remington BESS in Marion County, Oregon. Cedar Ridge and Remington increase RWE’s present footprint within the US Pacific Northwest.
The smallest of the three belongings RWE is buying is the 100MWac Champlain photo voltaic undertaking in Washington County, New York, the place RWE mentioned there may be rising demand for electrical energy. The web site is within the center phases of growth, though the corporate has not confirmed when it’s anticipated to be on-line.
Appalachian Power is in search of greater than 1GW of latest clear power capability
Utility Appalachian Power, lively in West Virginia, Virginia and Tennessee, is looking for undertaking proposals for 1.1GW of latest photo voltaic PV, power storage or wind energy capability.
In three requests for proposals (RFP) launched not too long ago, the corporate is looking for a complete of 1.1GW of photo voltaic PV, wind and/or battery power storage programs (BESS) in underneath varied offtake fashions.
The first RFP sought 800MW tasks underneath buy and sale agreements (PSA). Preferential therapy will likely be given to tasks in Virginia or West Virginia. They will need to have a minimal capability of 50MW for photo voltaic and wind and 10MW for BESS.
The second RFP seeks 300MW of photo voltaic and wind tasks via long-term energy buy agreements (PPA) that embody any renewable power certificates associated to a undertaking. Solar tasks will need to have a minimal capability of 5MW and wind tasks will need to have not less than 50MW.
Origis Energy secures US$300 million for photo voltaic and storage pipeline
US photo voltaic developer Origis Energy has secured a US$300 million company financing facility from funding agency KKR.
Revenue from the power will help the developer’s US photo voltaic and storage growth and building pipeline. It at the moment has a 12GW portfolio of tasks in operation, contracted and in mature growth with a further 13GW within the pipeline.
“The demand for renewable power financing is stronger than ever and we’re happy to help Origis Energy, one of many main builders on this area,” mentioned Sam Mencoff, Director of KKR.
This is the most recent financing Origis has secured this 12 months for growth tasks, with the developer securing a US$136 million building financing facility final month for a 75MW photo voltaic undertaking in Florida. Earlier within the 12 months it signed a US $ 317 million tax fairness settlement with the banking firm JP Morgan for 2 tasks situated within the US states of New Mexico and Mississippi. When accomplished, the tasks can have a mixed put in capability of 350MW.
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