UAE state-owned renewable energy developer Masdar has acquired a 50% stake in a 128MW/160MWh solar-plus-storage project from EDF Renewables North America.
Located in California, the Big Beau project is part of an 8-project, 1.6GW partnership agreement between Masdar and EDF Renewables which includes five solar projects totalling 689MW and two utility-scale wind farms representing 815MW. All of the projects are operational.
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EDF Renewables signed 15-year power purchase agreements (PPAs) for Big Beau in 2018, three years before it came online, with two California Community Choice Aggregators (CCAs), Monterey Bay Community Energy (MBCE) and Silicon Valley Clean Energy (SCVE), as reported by Energy-Storage.news at the time. Located in Kern County, its battery energy storage system (BESS) is 40MW/160MWh.
“EDF Renewables’ partnership with Masdar enjoys a successful history and today we celebrate another project to add to the growing portfolio,” said Tristan Grimbert, president and chief executive officer of EDF Renewables North America.
“Decarbonisation of the energy sector will take the combined effort of developers, offtakers, and investors alike working in collaboration toward ambitious goals.”
To read the full version of this story, visit PV Tech.
Additional reporting for Energy-Storage.news by Andy Colthorpe.