Wells Fargo, MUFG and Silicon Valley Bank have completed US$260 million of construction financing for Leeward Renewable Energy’s Chaparral Springs solar-plus-storage project in California.
Cost inflation and supply chain issues have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects, in a move which has been approved by regulators.
New developer GridStor has acquired a portfolio of in-development battery storage projects in LA, California, from Upstream Energy, totalling 500MW/2,000MWh.
California investor-owned utility SDG&E has completed construction of a 40MW battery energy storage system (BESS) and started work on four storage-enabled microgrids totalling 39MW.
Hecate Grid has progressed a 300MW/1,200MWh battery storage project in California, US, signing off-take contracts for its stored energy and gaining a key local authority approval.
Utility and power company AES Corporation has brought the Lancaster Area Battery (LAB), the second portion of a combined 908MWh battery energy storage system (BESS) complex in California, online.
Energy technology company Wärtsilä is supplying 500MW/2,000MWh of battery energy storage systems (BESS) to PV projects operated by Clearway Energy Group in Hawaii and California, US.
