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 million, net of working capital adjustment and other adjustments totaling approximately US$3.1 million. The Pomona energy storage facility has been in commercial operation since December 31, 2016 and under a 10-year energy storage resource adequacy agreement with Southern California Edison Company. It also participates in the energy and ancillary services markets run by the California Independent System Operator.
The Pomona energy storage facility is one of the largest battery storage assets in operation in the region.
Country updates
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July 22, 2020
NIPSCO, NextEra signs PPA for 300 MW solar projects in Indiana
Northern Indiana Public Service Company LLC (NIPSCO), a unit of US utility NiSource Inc, has signed a 20-year power purchase agreement (PPA) with NextEra Energy Resources for the energy produced from...
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July 22, 2020
NV Energy announces energy initiative in USA
NV Energy announced plans for Greenlink Nevada, transmission and renewable energy initiative that will transform Nevada’s clean energy landscape, create thousands of jobs, promote economic devel...
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July 21, 2020
Dominion Energy divests Gas Transmission, Storage Assets to Berkshire Hathaway Energy
Dominion Energy has executed a definitive agreement to sell its gas transmission and storage assets – including more than 7,700 miles of natural gas storage and transmission pipelines and about...
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July 20, 2020
Pine Gate Renewables develops 108 MW Trent River solar project in Pollocksville
Pine Gate Renewables leads the development of the 108 MW Trent River solar project located in the US. Expected to go online in the third quarter of 2021, the 20-year power purchase agreement is one of...
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July 16, 2020
Innergex buys 138 MW Mountain Air wind portfolio in Elmore County
Innergex Renewable Energy Inc. has acquired all the Class B shares of a portfolio of six operating wind farms in Elmore County, Idaho, in the United States for a purchase price of US$56.8 million from...
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