Hannon Armstrong invests in 1.6 GW wind-solar-storage portfolio

Hannon Armstrong Sustainable Infrastructure Capital, Inc. has announced a preferred equity investment in an approximately 1.6 gigawatt (GW) onshore wind and utility-scale solar portfolio developed and managed by Clearway Energy Group.

Once fully funded, Hannon Armstrong's total investment in the portfolio will be approximately US$663 million.

The remaining ownership of cash equity interests in the holding companies will be held by Clearway Energy, Inc. The company will continue to manage the assets and provide operations and maintenance services.

The portfolio includes three wind, one solar, and three solar-plus-storage projects representing approximately 1.6 GW of renewable energy generation and 395 MW of storage capacity, including:

• Daggett Solar: a 482 MW utility-scale solar project with 320 MW of co-located storage located in San Bernardino County, California.
• Mesquite Star: a 419 MW wind project located in Fisher and Nolan County, Texas. Mesquite Sky: a 345 MW wind project located in Callahan County, Texas.
• Rosamond Central: a 192 MW utility-scale solar project located in Kern County, California.
• Black Rock: a 110 MW wind project in Mineral and Grant County, West Virginia.
• Waiawa and Mililani: a 36 MW utility-scale solar project and a 39 MW utility-scale solar project with a combined 75 MW of co-located storage located in Oahu, Hawaii.

With a CarbonCount score of 1.06 metric tons of carbon dioxide equivalent (CO2e) reduced annually per US$1,000 invested, Hannon Armstrong's investment will avoid an estimated 703,000 metric tons of CO2e annually, equivalent to the CO2e emissions from the annual electricity consumption of approximately 119,000 US homes.