Clearway Energy Group closed on $700 million in construction financing and has begun construction on two energy projects in Fresno and San Bernardino Counties, Calif.
Luna Valley is a 200 MW solar project in Fresno County. Daggett Storage is a 113.5 MW standalone BESS in San Bernardino County and is the final phase of the 482 MW Daggett Solar + 394 MW Storage complex.
“Luna Valley and Daggett 1 represent two major steps forward in California’s path to a reliable, affordable and clean electric grid,” says Brooks Friedeman, VP of Capital Markets at Clearway. “We are grateful to our financial partners, customers and local communities for their continued support for these investments.”
San Diego Gas & Electric contracted equal amounts of solar power and energy storage from each of the Luna Valley and Daggett Storage 1 projects under 15-year PPAs. Luna Valley’s remaining solar capacity is contracted under 20-year agreements with Southern California Edison and Power & Water Resources Pooling Authority.
Clearway assembled a bank consortium consisting of Nord/LB, Societe Generale, KeyBanc Capital Markets, DNB and ANZ to provide construction financing for the two projects.
Construction is being led by Blattner. Both projects are scheduled to reach commercial operations next year.
The post Clearway Closes Financing, Starts Construction on California Solar + BESS Facilities appeared first on Solar Industry.
Clearway Closes Financing, Starts Construction on CA Solar+Storage
Can’t swear that this is true but hoping so.
We must never forget.
The more visibility and the more frequent reminders we can get on this catastrophe in U.S. history the better.
It’s almost funny when we hear that California is a socialist state, or a police state (due to our environmental restrictions), or that people are leaving in droves to go to Texas or Florida. When I come across people who say this, I wonder: have you ever actually been to California?
Do you know that the garden-variety 3 BR, 2 BA house here lists at about $1.2 million, where, if it were moved to, say, the Midwest, it would be worth perhaps $2500,000? Why do you think that could possibly be? Maybe the law of supply and demand doesn’t apply to the Marxist part of the nation?
Perhaps it’s because Californians are offered fantastic economic opportunities. We develop and implement ideas that improve the lives of everyone on Earth, and that we profit greatly from our undertakings.
Something for the MAGA crowd to consider.
The main way governments create wealth is by educating people so that they can become productive members of society. They also build roads and airports and maintain law and order so that honest businesses can thrive.
Anyone living now who believes that Elon Musk and Jeff Bezos are creating wealth for anyone but themselves is a total fool.
A ton of people bought into the concept expressed here in the mid-20th Century, but no semi-intelligent person today believes that tax breaks for billionaires/trillionaires generates a nickel for the common person.
World falling short on 22 of 23 nature targets for 2030, says draft UN report
Climate change is driving a ‘shift’ in childhood malaria risk across Africa
Q&A: What does China’s 15th ‘five-year plan’ for renewables mean for climate change?
-
Greenhouse Gases12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy9 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测