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
There are essentially two forms of government on this planet: those that care about the wellbeing of their citizens and serve their interests and those that don’t.
Until the late 20th Century, one could have plausibly argued either way re: the United States. Since about 1980, it’s been clear that we really couldn’t care less about the sufferings of the common American.
It’s really become part of our brand. Billionaires deserve tax cuts. The middle class is shrinking, and the poor deserve a kick in the ass for not working harder.
Just nominate some well-educated businessman or city mayor — or maybe just a principled lobster fisherman.
Maine: This shouldn’t be too tough a challenge.
Every day, our nation’s face is pushed a little bit further into the toilet.
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