Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.
Developer Cypress Creek Renewables has acquired four standalone energy storage projects totalling 400MW/600MWh in Texas, US, from Black Mountain Energy Storage (BMES).
Blackstone portfolio company Aypa Power has closed an US$88 million construction and term loan facility for Wolf Tank, a 173MWh standalone energy storage project in Texas.
US battery energy storage system (BESS) integrator Jupiter Power has turned its second 200MWh BESS online in Texas, bringing its total capacity in the state’s market to 450MWh.
Canadian Solar subsidiary Recurrent Energy has acquired two standalone energy storage projects in development totalling 400MWh in the ERCOT, Texas market.
Around 60% of new solar projects planned in US utility service areas are hybrid resources paired with storage. Recurrent Energy’s Lucas Moller explains the appeal.
US development bank NADBank is providing a US$65.7 million loan for a co-located solar project with an 80MWh battery energy storage system (BESS) in Texas.
