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
Renewable Energy
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Renewable Energy
ACORE Celebrates its 25th Anniversary by Ringing The Opening Bell at the NYSE
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ACORE Celebrates its 25th Anniversary by Ringing The Opening Bell at the NYSE
New York, NY – Today, ACORE celebrated 25 years by ringing The Opening Bell at the New York Stock Exchange (NYSE), marking an important milestone and sending a clear message that clean energy is a foundational economic engine of the 21st century.
“When ACORE was founded 25 years ago, our goal was to prove the economic case for clean power. Today, as we ring the bell at the New York Stock Exchange, we are celebrating the reality that clean energy is now the cheapest, most reliable, and most scalable source of power available,” said ACORE President and CEO Ray Long. “Our focus remains on the future. We are facing unprecedented electricity demand growth, and we need to deploy capital faster than ever before to build the grid of tomorrow. The financial momentum is here, and the clean energy economy is ready to deliver the abundant, low-cost power our nation demands.”
Founded in 2001, ACORE was the first organization dedicated to expanding the pan-renewable economy in the United States. For 25 years, ACORE has worked toward its vision of an electrified economy powered by clean energy that supports an improved quality of life for all. Today, ACORE members are the investment engine behind the massive clean energy deployment that is helping ensure that Americans’ energy needs are met.
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About ACORE:
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.
ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.
Media Contacts:
Chris Higginbotham
higginbotham@acore.org
The post ACORE Celebrates its 25th Anniversary by Ringing The Opening Bell at the NYSE appeared first on ACORE.
https://acore.org/news/acore-celebrates-its-25th-anniversary-by-ringing-the-opening-bell-at-the-nyse/
Renewable Energy
Jan 6
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.
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