Union-built 310-MW solar + storage space project comes online in California
- Intersect Power started the commercial procedure of its Athos III solar project in Riverside County, California, on December 22, 2022. The Athos III solar project was built by union labor, with American-made solar panels, batteries and steel heaps, as well as it is anticipated to satisfy the domestic content and also dominating wage requirements for tax credit motivations in the Inflation Reduction Act (IRA).
The Athos III solar project (also known as Blythe Mesa Solar II) generates 224 MWAC/310 MWDC of solar energy, enough to power roughly 94,000 homes, and features 448 MWh of co-located storage.
" Today marks a major milestone for the Intersect Power team and our effect as a clean energy programmer, proprietor as well as operator," claimed Sheldon Kimber, CEO of Intersect Power Chief Executive Officer. "Athos III demonstrates that Intersect continues to leader procurement criteria for our market that live up to the vision of the IRA. This project is a lot more than a considerable new source of clean energy for California's energy system; it's additionally a case study in exactly how the clean energy industry can optimize our effect by prioritizing domestic supply chains and also union labor to guarantee the advantages of the clean energy change are really felt by all Americans."
The Athos III solar project becomes part of Intersect Power's near-term portfolio totaling 2.2 GW of solar PV and 1.4 GWh of co-located storage. The rest of the portfolio will certainly be operational in 2023. Building and construction of the Athos III solar project created 500 peak union jobs.
Financing for the project's construction and also operations was protected as part of the wider portfolio funding revealed last November, when Intersect Power closed on portfolio-level term debt, tax equity and also building and construction financing commitments from financiers and also investors.
