D. E. Shaw Renewable Investments acquisitions 160-MW Rancho Seco Solar II

Feb 25, 2020 12:14 PM ET
  • Lendlease, a worldwide residential property and also facilities team, revealed that D. E. Shaw Renewable Investments (DESRI) has actually obtained the 160 MW-ac Rancho Seco Solar II project, situated in Sacramento County, California. The project has a 30-year Power Purchase Agreement in position with the Sacramento Municipal Utility District as well as is being improved the website of a decommissioned nuclear reactor. Building and construction started in 2014.
D. E. Shaw Renewable Investments acquisitions 160-MW Rancho Seco Solar II
Image: Griffin5 at English Wikipedia

Along with Martin's declarations, Craig Carson, General Manager of Lendlease Energy Development claimed, "Rancho Seco Solar II establishes the requirement for lasting power generation situated on decommissioned nuclear reactor websites in the United States, and also Lendlease is devoted both to additional advancement of renewable resource centers and also dealing with one of the most ingenious companions in this area."

According to Lendlease, the business creates, funds as well as develops utility range solar as well as storage space projects throughout the United States. One current project entailed the advancement, structure and also moved possession of the 60-acre Cooperative Solar Far One center in Clark County, Kentucky.

Building and construction has actually additionally been started on the island that holds Palm Communities Energy Services Project in Hawaii. Lendlease asserts to have a $150 million power innovation as well as protection project that powers 5,800 armed forces houses on this island.

Regardless of their head office remaining in Syndney, Australia, Lendlease has actually created Fort Bend Solar, a 200-megawatt solar ranch west of Houston, Texas, also. The firm specifies that its vision is "To produce the most effective locations; locations that motivate as well as improve the lives of individuals all over the world" and also it symbolizes this message significantly within the above global financial investments.

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