Macquarie Group Ltd closes financing of 53 MW energy storage project
Macquarie Group Ltd has closed a USD 100 million financing for the 52.5/ 315 MWh MW energy storage project for Southern California Edison (SCE). The said project is owned by Macquarie and Advanced Microgrid Solutions (AMS).
The project's batteries will be installed at sites in Los Angeles and Orange counties that requires larger load requirements.
The CIT Group Inc served as the lead invester in the refinancing of the project, as well as Rabobank and Sumitomo Mitsubishi Banking Corporation.
Country updates
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December 20, 2018
Connecticut Regulators approve PPA for 200 MW offshore wind project
Connecticut’s Public Utilities Regulatory Authority approved Ørsted’s long-term power purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for the...
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December 20, 2018
OGE Energy Corp plans to acquire two coal-fired projects in US
Oklahoma Gas & Electric, the utility subsidiary of OGE Energy Corp has announced that, pending regulatory approval, it will acquire two existing power plants to meet customers' energy nee...
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December 19, 2018
New Jersey Board rejects 25 MW offshore wind project application
The New Jersey Board of Public Utilities (NJBPU) has denied the petition of Nautilus Offshore Wind, LLC to install a 25 MW offshore wind demonstration project in state waters off the coast of Atlantic...
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December 18, 2018
Community Energy gets PPA approval for 70 MW solar PV project in Philadelphia
Clean energy developer Community Energy’s 70MW PPA has been approved to power government facilities in Philadelphia. The PV project, located in Adams County, Pennsylvania, will generate enough...
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December 18, 2018
Ecolab signs PPA for Clearway Energy Group's 419 MW wind project in US
Ecolab Inc., has signed an agreement to support Clearway Energy Group’s 419-megawatt (MW) wind farm, Mesquite Star, in Fisher County, Texas. Construction of the Mesquite Star wind farm is schedu...
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