Atlantica buys 135 MW Coso Geothermal Power Plant in California
Atlantica Sustainable Infrastructure plc has reached an agreement to acquire Coso Geothermal Power Holdings, LLC, a 135 MW geothermal power plant, from a consortium of investors including Bardin Hill Investment Partners LP, Avenue Capital LP, Corre Partners Management, LLC, and Voya Financial.
Atlantica’s investment is expected to be approximately US$170 million and to close in the first half of 2021, subject to customary conditions and regulatory approvals. The asset provides base-load, non-intermittent, renewable energy to the California ISO and has PPAs signed with three investment-grade off-takers, with 19 years average contract length.
Following the close of the transaction, Coso’s existing management team and the asset management team at Middle River Power will continue to lead the plant’s operations.
Country updates
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March 16, 2021
EDF Renewables signs VPPA for 345 MWac Space City Solar project in Wharton County
EDF Renewables North America has signed a power purchase agreement for the second tranche of the Space City Solar Project with an affiliate of Enterprise Products Partners L.P. for 100 MWac / 132 MWdc...
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March 16, 2021
WEC Energy enters deal with Apex Clean Energy for 90% stakes in 195 MW Jayhawk wind project
WEC Energy Group has entered a deal with Apex Clean Energy to acquire a 90% ownership interest in the Jayhawk Wind Farm, to be built in Bourbon and Crawford counties, Kansas. Jayhawk will generate re...
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March 15, 2021
CleanSpark completes acquisition of Solar Watt Solutions for US$3.85mn
CleanSpark, a diversified software, and services company, has completed the strategic acquisition of Solar Watt Solutions. The company provides solar and alternative energy solutions for homeowners an...
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March 09, 2021
Target, Hormel Foods sign PPA with Ørsted for 298 MW Haystack Wind project in Wayne County
Ørsted has signed a long-term power purchase agreement (PPA) with Target and Hormel Foods to purchase energy from the 298 MW Haystack Wind project located in Wayne County, Nebraska....
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March 09, 2021
Duke Energy starts construction of 50 MW solar project in North Carolina
Duke Energy has started the construction of the 50 MW Broad River Solar power plant in Cleveland County, North Carolina. The project will be owned and operated by Duke Energy Renewables, a commercial...
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