US utility AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.
Located in Kern County, California, the Bellefield project is split into two phases, each with up to 500MW of solar and 500MW of 4-hour duration battery storage (2,000MWh). The two phases are expected to come online in 2025 and 2026 respectively.
Phase one has a 15-year power purchase agreement (PPA) in place with one of AES’ corporate customers, the company said. Some of the backing for the purchase was provided by Alberta Investment Management Corporation, an investor in AES with a 25% stake in its growth projects. It invests on behalf of various funds from the province of Alberta, with over US$150 billion of assets under management.
To read the full version of this story visit PV Tech.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
