EDF, PSEI Secure Funds for California Solar Project

• EDF Renewables and Power Sustainable secure funding for Desert Quartzite, a 300 MW solar-plus-storage project, boosting California's clean energy and grid reliability.

EDF Renewables North America and Power Sustainable Energy Infrastructure Inc have secured financing for the Desert Quartzite solar-plus-storage project in California. The facility, with a capacity of 300 MWac/375 MWdc, combines solar power generation with energy storage capabilities.

The project aims to enhance renewable energy supply and grid reliability in the region. The successful funding closure marks a significant step in advancing clean energy infrastructure, supporting California's renewable energy goals.

How Will the Desert Quartzite Project Impact California's Renewable Energy Goals?

• Increased Renewable Energy Capacity: The Desert Quartzite Project will add 300 MWac/375 MWdc of solar power to California's energy grid, contributing significantly to the state's renewable energy capacity.
• Energy Storage Integration: By incorporating energy storage, the project will help stabilize the grid, allowing for better management of energy supply and demand, and reducing reliance on fossil fuels during peak times.
• Progress Towards 100% Clean Energy: The project supports California's goal of achieving 100% clean energy by 2045 by providing a substantial addition to the state's renewable energy portfolio.
• Reduction in Greenhouse Gas Emissions: By replacing fossil fuel-based energy with solar power, the project will contribute to a reduction in greenhouse gas emissions, aligning with California's climate action targets.
• Economic and Job Growth: The construction and operation of the Desert Quartzite Project are expected to create jobs and stimulate economic growth in the region, supporting local communities.
• Technological Advancement: The project showcases the integration of advanced solar and storage technologies, setting a precedent for future renewable energy projects in California.
• Grid Reliability and Resilience: The addition of storage capabilities enhances grid reliability and resilience, ensuring a more consistent and reliable energy supply even during periods of high demand or low solar generation.
• Support for Policy Initiatives: The project aligns with California's policy initiatives aimed at increasing renewable energy adoption and reducing carbon emissions, reinforcing the state's leadership in clean energy transition.