Global renewable vitality developer Acciona has signed a settlement with power developer Tenaska to accumulate a portfolio of greenfield solar and power storage tasks in the USA. The event portfolio includes roughly three GW of utility-scale solar and 1 GW of co-situated solar and power storage.
The transaction consists of 20 solar tasks within the PJM Interconnection and Southwest Energy Pool (SPP) markets. The portfolio represents a big, diversified solar and storage improvement pipeline in seven states, together with Pennsylvania, Ohio, Kentucky, Illinois, Missouri, Kansas, and Oklahoma.
“This offers Acciona with a chance to construct upon our investments in wind vitality and enhance our dedication to renewable power and sustainability in the USA via photo voltaic PV and vitality storage technology,” mentioned Rafael Esteban, CEO of Acciona’s Vitality Division in North America. “We are going to carry a good portion of the portfolio into service between 2021 and 2023.”
Tenaska – by Tenaska Solar Projects, the corporate’s solar improvement companies enterprise – will work with Acciona to finish the improvement of the tasks.
“We’re excited to hitch forces with Acciona on this renewables portfolio, pairing Tenaska’s in-depth experience in growth with their origination and building capabilities,” mentioned Steve Johnson, senior vice chairman and chief of Tenaska Solar Ventures. “This transaction highlights Tenaska’s potential to monetize our staff’s data and talent units, whereas working beneath varied improvement models.”
Acciona envisions commissioning eight tasks by the top of 2023, including round 1,500 MW of peak capability (some 1,200 MW rated capability) to its North American renewable vitality portfolio.
The settlement with Tenaska boosts Acciona’s North American portfolio, which incorporates 1,245 MW of wind energy put in and beneath development. Acciona additionally owns and operates the 64-MW Nevada Solar One concentrated solar plant exterior of Las Vegas.
The addition of a 1,000-MW vitality storage improvement portfolio permits Acciona to supply reducing-edge applied sciences and companies to those essential US markets. Analysts count on energy storage to exponential expertise development within the US in the coming years.