Goldman Sachs invests in 123 MW American Kings Solar project in Kings County
Goldman Sachs Renewable Power LLC (GSRP), a private company managed by the Renewable Power Group of Goldman Sachs Asset Management (GSAM), has acquired the 123 megawatt (MW)AC American Kings Solar project in a transaction that closed at the end of June 2020. Located in Kings County, California, the project is backed by a 15-year Power Purchase Agreement (PPA) with Southern California Edison and is scheduled to be commissioned in the fourth quarter of 2020.
The facility will be powered by First Solar’s Series 6 photovoltaic (PV) modules, designed and developed at the company’s research and development (R&D) centers in California and Ohio.
Once operational, American Kings will displace 78,000 metric tons of CO2-equivalent annually, which is equivalent to taking 15,000 cars off the road every year and saving 79 million liters of water annually, based on California averages. The air quality benefits of the project will amount to more than US$12 million in avoided healthcare costs annually.
Country updates
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July 27, 2020
Tenders for 4GW of renewable energy developments in USA
New York State Government has announced the largest combined solicitation for renewable energy ever issued in the U.S. to combat climate change.
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July 24, 2020
Gainesville Regional Utilities offtakes power from 50 MW FL Solar 6 project in Alachua County
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July 23, 2020
BP acquires full ownership of 300 MW wind asset in USA
bp Wind Energy (bpWE), a unit of UK-based oil and gas major BP Plc, has agreed to acquire the remaining 50% interest in the bp operated, Fowler Ridge 1 wind asset from its current partner, Domini...
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July 23, 2020
Ormat finalizes acquisition of 20 MW Pomona energy storage facility in California
Ormat Technologies, Inc. has closed on the transaction to acquire the 20 MW / 80 MWh Pomona energy storage facility in California from AltaGas Power Holdings (U.S.) for a total consideration of US$47...
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