Brooks Friedeman

Clearway Energy Group has closed on $550 million in construction financing and broke ground on the company’s 140 MW solar and 118 MW storage project in Kern County, Calif., Rosamond South I. 

“Kern County has long served as a critical provider of our country’s energy,” says Brooks Friedeman, vice president of Capital Markets at Clearway. 

“We are pleased to invest in and help continue Kern County’s energy leadership legacy through our Rosamond South solar and storage project, which will provide reliable and low-cost power when needed most.” 

Rosamond South I, referred to as Golden Fields Solar IV by its offtakers, is under 15-year agreements with MCE, University of California, Rancho Cucamonga Municipal Utility, Eastside Power Authority and the City of Moreno Valley.   

To finance the construction loan, Clearway assembled a bank consortium consisting of Societe Generale, Australia and New Zealand Banking Group Limited Siemens Financial Services, Commerzbank, CoBank, DNB Bank ASA and Nord/LB.  

Construction is being led by EPC contractor McCarthy Building Companies. Labor partners included Laborers Union 220, Southwest Regional Council of Carpenters, Operating Engineers Local 12, IBEW Local 428, Ironworkers Local 416 and Local 433.  

The project is expected to reach commercial operations next year. 

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(Graphic: Business Wire)

National Storage Affiliates Trust (NSA) and Solar Landscape are partnering to pursue the installation of new solar capacity on rooftops across NSA properties.

The partnership plans to develop 100 MW of solar capacity, with NSA granting Solar Landscape rights to evaluate approximately 1,000 properties in 42 states and Puerto Rico for community solar hosting potential.

Under the partnership, solar installations on NSA property rooftops will power nearby homes and businesses at a discount. 

Development on the first sites in the partnership has already begun. The projects require no capital expenditure by NSA. Solar Landscape, will develop, own and operate the projects and make a monthly lease payment to NSA.

“This is an exciting step toward our corporate responsibility goals and demonstrates our commitment to building a more sustainable future,” says David Cramer, NSA president and CEO.

“NSA has long been customer- and community-focused. This partnership will enable us to increase that value by generating clean energy at a discount for the households surrounding our facilities, while also generating value for NSA shareholders.”

The companies have worked together since 2022.

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Project stakeholders and community members gathered on site to celebrate the start of construction on Stillhouse Solar in Bell County. (Source: PRWeb)

Project owner Matrix Renewables and EPC contractor SOLV Energy have started construction on the 284 MW Stillhouse Solar project in Rogers, Texas. 

The project is expected to be operational in the second half of next year.

“Matrix Renewables is thrilled to commence construction on the Stillhouse solar project bringing this project into existence supporting the renewable energy goals of our offtakers, stakeholders as well as the power grid,” says Cindy Tindell, Matrix managing director and head of U.S. 

“We are delighted to make this investment in Bell County working with local Bell County landowners and officials.”

Matrix owns a 7 GW pipeline of projects in operation and various stages of construction and development in the U.S. Matrix selected SOLV Energy as the EPC and O&M partner on the project. SOLV has built and operates 12 GW of solar capacity in the U.S.

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The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading

The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.

Continue reading