AES buys 2 GW solar PV and energy storage project in USA
The AES Corporation has announced its acquisition of Avantus' 2 GW Bellefield project, currently in late-stage development and the largest permitted solar-plus-storage project in the USA. Located in Kern County, California, the project includes two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.
The first phase of the hybrid facility has a 15-year Power Purchase Agreement to supply hourly, carbon-free energy to one of AES's existing corporate customers. AES plans to contract for additional solar-plus-storage capacity by the end of 2023.
The development is in line with California's goal of reaching 100% carbon-free energy by 2045. The two phases of the project were developed by the seller, Avantus, and are expected to come online in 2025 and 2026, respectively.
Country news
-
-
June 09, 2023
Regulatory approval announced for 130 MW Solar project in USA
Regulatory approval announced for the 130 MWac Carne solar + 65-MWac battery storage facility located in Luna County, New Mexico, USA.
Read more -
June 07, 2023
PPA signed for 471 MW Solar PV project in USA
Covestro has signed a 15-year virtual power purchase agreement (VPPA) with Orsted for a portion of the power produced by the 471 MW Mockingbird Solar Center in Lamar County, Texas, USA.
Read more -
June 06, 2023
Notice issued for the construction of 300 MW energy storage at a Solar Complex in USA
The United States Bureau of Land Management (BLM) has issued a notice to proceed to NextEra's plan to construct a 300 MW of extra energy storage capacity to Desert Sunlight Solar complex in California, USA.
Read more -
May 25, 2023
PPA signed for 200 MW Solar PV Project in USA
Toyota Motor North America Inc. has signed a power purchase agreement with Savion for the 100 MW of electricity to be generated by Martin County Solar Project in kentucky, USA.
Read more -
March 30, 2023
US$502mn first close achieved for Renewable Energy Investment Fund
Excelsior Energy Capital (Excelsior), an independent North American renewable energy and energy transition investor, has announced the first close of its second flagship fund, Excelsior Renewable Energy Investment Fund II LP (Fund II).
Read more
