Developer Peregrine Energy Solutions has raised US$700 million in credit, equity and debt to go towards its US pipeline of energy storage, solar and wind projects.
The company, formed in 2022 in partnership between Peregrine Energy Management and asset management firm Castlelake, prioritises utility-scale battery energy storage systems (BESS) in the US, but also has solar and wind projects in its asset pipeline.
Peregrine said that its pipeline spans ten states and five independent system operators, and the capacity of this pipeline exceeds 7GW of standalone solar, energy storage and wind projects.
Alternative investment and asset manager AB CarVal, which owns the ‘largest’ low-income community solar project in California, Fresno’s DAC solar farm, provided funding for Peregrine’s upcoming projects.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Energy-Storage.news has covered Peregrine Energy Solutions’ BESS operations in the past. In February, the company announced investment from South Korean alternative asset management company IMM Investment Global for a BESS portfolio, after acquiring two projects from Black Mountain Energy with a combined capacity of 490MW.
To see the original version of this article go to PV Tech Power.
