Blackstone Credit & Insurance, the newest business division of global asset manager Blackstone, has closed financing for a large-scale battery storage project in California, US, with developer Arevon.
Gas and geothermal plant developer and operator Calpine Corporation has closed a syndicated financing for what could be one of the largest battery energy storage system (BESS) projects in the US.
Independent power producer (IPP) Clearway Energy has closed US$421 million in financing for the 147MW/588MWh four-hour Rosamund Central Battery Energy Storage System (BESS) in Kern County, California.
Demand for electricity is growing in Ontario for the first time since 2005, and a new plan from the Canadian province sees a diverse low carbon energy portfolio as the answer.
Swedish wind power pioneer Eolus has made a final investment decision (FID) on a battery storage project in California, its third in the US, with a targeted commercial operation in 2024.