Avantus has sold its Catclaw Solar and Energy Storage Project to D. E. Shaw Renewable Investments (DESRI).
Located in Buckeye, Ariz., in Maricopa County, the project features 225 MW of solar and 250 MW of energy storage. The transaction includes a long-term PPA with Arizona Public Service (APS) for the project.
Avantus was responsible for the initial greenfield development, including interconnection, site acquisition and permitting, as well as commercial negotiations with APS and the procurement of select equipment, including batteries.
“At Avantus, we are committed to pushing forward the transition to a sustainable economy by developing safe, reliable clean energy projects,” says Jason Moretz, Ph.D, Avantus’ executive vice president of Development.
“Catclaw is a perfect example of this commitment and will provide economic and environmental benefits to Arizona and the local community, while helping Arizona manage increasing demand for power during heatwaves. Today’s announcement marks the first Arizona project in our portfolio to reach this milestone and furthers our long-standing relationship with DESRI.”
Catclaw marks the fourth project Avantus has sold to DESRI, which DESRI expects to bring online in 2026.
The company says the project is designed with open spaces between the solar arrays to minimize disturbance to natural drainage patterns and preserve wildlife corridors. This approach was developed in collaboration with Avantus, the City of Buckeye and the Arizona Game and Fish Department.
Foley & Lardner served as legal counsel for Avantus.
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Avantus Sells Catclaw Solar and Energy Storage Project to DESRI
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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