DE Shaw inks 200MW California solar-storage power play

• Project in Sacramento County is expected to get to commercial procedure no behind 2024

United States renewables designer DE Shaw Renewable Investments (DESRI) and also the Sacramento Municipal Utility District (SMUD), in California, have signed a 200MW integrated solar and energy storage power purchase agreement (PPA).

The 200MW/400 megawatt-hour project is the largest consolidated solar as well as battery energy storage system generation facility introduced in north California under PPA agreement and also will be situated on the east side of Sacramento County.

The project is expected to get to commercial procedure no behind 2024 as well as will supply SMUD's consumers with a long-term, trustworthy supply of regional renewable energy.

" Our DESRI team is pleased to continue our historical partnership with SMUD on the development of this site clean power project, specifically thinking about the ground-breaking size and also battery storage combination," stated DESRI chief development officer Hy Martin.

" This first-of-its-kind project took substantial effort by all project partners and reveals SMUD's management in its drive in the direction of carbon-free power generation in coming years."

The project is anticipated to supply substantial community advantages consisting of development of an estimated 400 jobs throughout building and construction.

The agricultural cattle ranch that presently operates on the suggested project site will certainly continue to run in alongside the energy facility, and also the project will integrate key elements of environmental sustainability into style and continuous operations.

Affiliates of Bona Terra Energy assisted as co-developers on the project.

As part of the project, the SMUD Clean Energy Community Leaders-- Mark Gall Memorial Scholarship will certainly be funded by DESRI.

The scholarship will certainly assist cultivate local workforce skill as well as support trainees in the higher Sacramento area that show passion in renewable energy development.

Martin added: "DESRI is thrilled to sustain emerging young leaders thinking about becoming part of the clean energy economic situation around Sacramento as the renewable energy industry expands in the area, and also celebrate the general public slaves at SMUD for their commitment to renewable resource."