Munich Re enters deal to acquire 50% stake of Palen Solar complex
Munich Re, through its asset manager unit MEAG, has entered into an agreement with EDF Renewables North America to acquire a 50% stake in the 310 MWdc solar photovoltaic complex in California, USA.
The transaction covers the 131 MWdc Maverick 6 solar photovoltaic project with a 50 MW/200 MWh battery storage system and the 179 MWdc Maverick 7 solar project. Located in Riverside County, these projects form part of the Palen Solar complex. The Maverick 6 and 7 PV solar projects consist of horizontal single-axis tracking technology and can generate enough energy to supply power to around 116,500 average homes in California.
The Maverick 6 farm has secured a power purchase agreement (PPA) with CleanPowerSF, a not-for-profit program operated by San Francisco Public Utilities Commission, while the Maverick 7 farm is contracted by Shell Energy North America US LP (SENA).
Country updates
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September 22, 2021
Ørsted powers up 227 MW Muscle Shoals solar PV project in Colbert County
Ørsted has completed the development of the 227 MWac Muscle Shoals in Colbert County, Alabama, USA. The project consists of 670,000 solar panels supplied by First Solar. Located in the Tenness...
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September 21, 2021
Financial close for 800 MW offshore wind project in USA
Copenhagen Infrastructure Partners and Avangrid have reached financial close for the 800 MW Vineyard Wind 1 offshore project in the USA.
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September 21, 2021
Epuron proposes 33 kV underground powerline to connect 280 MW Western Plains Wind Farm
Epuron has proposed a new 33 kV underground powerline to connect 280 MW Western Plains Wind Farm to Port Latta substation in the USA. The powerline project is proposed to be underground for its entir...
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September 20, 2021
Hoosier Energy signs PPA for 120 MW solar project in USA
Hoosier Energy and Clēnera’s affiliate, Rustic Hills Solar LLC. have signed a 20 year Power Puchase Agreement (PPA).
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September 17, 2021
CIP selects Exus Management Partners to manage 477 MWdc Fighting Jays solar project in Texas
Copenhagen Infrastructure Partners (CIP) has selected Exus Management Partners (Exus) to manage the 350 MW (477 MWdc) Fighting Jays solar photovoltaic project located in Texas, USA. Exus wi...
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