The Week in Deals
6 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jun 7 | Project acquisition | Solar+BESS | Avantus | AES Corporation | 1,000 MW | CA | Closed | Avantus completed the sale of the Bellefield solar-plus-storage project (1 GW solar, up to 1 GW storage across two phases) in Kern County, California to AES Corporation; the transaction included a long-term PPA with a corporate customer for phase one. | |
| Jun 7 | Corporate PPA | Solar+BESS | AES Corporation | Amazon | 500 MW | CA | Announced | Phase one of Bellefield (500 MW solar plus 500 MW four-hour storage) is contracted under a 15-year corporate power purchase agreement with Amazon. | |
| Jun 7 | Project acquisition | Solar+BESS | Avantus | AES Corporation | 1,000 MW | CA | Closed | Avantus completed the sale of the two-phase Bellefield solar-plus-storage project in Kern County, California to AES Corporation; phase two comprises up to 500 MW of solar and 500 MW of four-hour battery storage. | |
| Jun 7 | Development-stage project acquisition | Solar+BESS | Avantus | The AES Corporation | 300 MW | CA | Announced | AES acquired the 2 GW Bellefield solar-plus-storage project in Kern County, California from developer Avantus; Phase One is backed by a 15-year PPA with a corporate customer (Amazon). | |
| Jun 7 | Utility PPA and energy storage agreement | BESS | D.E. Shaw Renewable Investments | El Paso Electric | 130 MW | NM | Closed | The New Mexico Public Regulation Commission approved a 20-year power purchase agreement and energy storage agreement between DESRI and El Paso Electric for the 130 MWac Carne solar-plus-storage project in Luna County. | |
| Jun 7 | Utility PPA and energy storage agreement | Solar | D.E. Shaw Renewable Investments | El Paso Electric | 130 MW | NM | Closed | Solar PV Development NM 18 II LLC is the legal entity for the Carne solar-plus-storage project; the New Mexico PRC approved a 20-year PPA and energy storage agreement between DESRI and El Paso Electric for the 130 MWac project in Luna County. |
Change of Control
1 moveDavid Crane named Under Secretary for Infrastructure at U.S. Department of Energy (from Director, U.S. Department of Energy (Office of Clean Energy Demonstrations))
Confirmed by Senate 56-43 June 7, 2023, sworn in June 14. Former NRG CEO, served as first OCED director administering $25B in clean energy demonstration funding. Major architect of IRA implementation.
Jun 7
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