Atlas North portfolio — four late-stage projects totaling ~1,000 MW solar + 450 MW / 1,800 MWh BESS (~1.5 GW combined), CAISO grid via the Cielo Azul Switchyard and Ten West Link (500 kV gen-tie); long-term offtake with California LSEs

Lydian Energy acquires Hanwha Renewables' Atlas North portfolio: ~1.5 GW of late-stage solar + BESS in California (1,000 MW solar + 450 MW / 1,800 MWh BESS). Includes a 500 kV gen-tie line and connections via the Cielo Azul Switchyard and Ten West Link to CAISO. Vast majority of capacity is contracted long-term with California load-serving entities. Lydian is backed by Excelsior Energy Capital; the deal is Lydian's largest investment to date and brings its portfolio to 18 projects totaling 4.4 GW.

Deal Details

Deal Type

Portfolio Acquisition

Seller / Sponsor

Hanwha Renewables

Buyer / Financier

Lydian Energy (backed by Excelsior Energy Capital)

Offtaker

California load-serving entities (long-term offtake contracted)

Stage

Development

ISO/RTO

CAISO

Source

BusinessWire / Lydian Energy