Avangrid Sells 600MW Nevada Solar & Storage Projects To Primergy Solar

• Avangrid Renewables has sold its 600 MW solar as well as battery projects portfolio to Primergy Solar.
• Primergy will monitor projects' design, purchase, funding, building and construction, and business procedures.

Portland-headquartered renewable energy business, Avangrid Renewables LLC has actually introduced that it has sold its 600 MW solar and storage projects portfolio to a California-based solar and battery storage business, Primergy Solar LLC.

Even after offering the portfolio, Avangrid will certainly continue to work on the growth of these projects in Nevada. Avangrid Renewables LLC is a device of a US-based clean energy firm Avangrid Inc, and both are a part of a Spanish utility team Iberdrola SA. According to the sale agreement, Primergy will supervise the projects' style, purchase, funding, building and construction, as well as participating in business procedure. Avangrid Renewables will remain to carry out development services for the projects, said the renewables programmer.

The project portfolio makes up 2 solar projects with co-located battery storage and is suggested to change the ability of the 522-MW North Valmy coal-fired plant in Nevada, which is set to be retired.

According to Avangrid, these projects were initiated in 2017, after the company saw an opportunity with the awaited closure of North Valmy.

North Valmy terminal consists of 2 projects in its Integrated Source Strategy it lately filed with the Nevada Public Utilities Compensation. It is additionally co-owned by NV Energy. NV Energy is an utility that generates, sends, and distributes electrical services in north and southern Nevada.

The proposition consists of the Hot Pot Solar project with a 350-MW AC (455 MW DC) solar farm coupled with a 280-MW four-hour battery, and Iron Point Solar, a 250-MW AC (325 MW DC) solar farm with a 200-MW four-hour battery part.

Notably, the Iron Point Solar Project is expected to commence service in 2023, while Hot Pot Solar results from follow in 2024.

Recently in March this year, Avangrid Inc. had actually introduced that the UNITED STATE Bureau of Ocean Energy Management (BOEM) has actually issued the Final Environmental Impact Statement (FEIS) for Vineyard Wind 1.