EDF Renewable’s asset optimization team will continue the project’s long-term operations and maintenance. (Source: Shutterstock)
Power Sustainable Energy Infrastructure Inc. (PSEI) is investing in North American solar with the acquisition of a 50% stake in EDF Renewables North America’s Desert Quartzite Solar+Storage Project in Riverside County, California.
The investment is PSEI’s largest to date and was executed with Potentia Renewables Inc., PSEI’s integrated developer and asset manager.
Desert Quartzite is under construction for a capacity of 300 megawatts (MW) of solar generation and a battery energy storage system with a capacity of 150 MW every four hours. Construction is expected to be finished by the end of the year, and with the commencement of commercial operation the final phase of PSEI’s investment will close.
EDF Renewable’s asset optimization team will continue the project’s long-term operations and maintenance.
Clean Power Alliance has a 20-year power purchase agreement for the electricity generated at Desert Quartzite to service Los Angeles and Ventura counties.
Recommended Reading
USD Completes Final Asset Sale of Hardisty Terminal
2025-04-13 - USD Partners was obligated to sell the Hardisty Terminal, in Alberta, Canada, after entering a forbearance agreement with its lenders on June 21 2024.
USEDC’s Plans for $1B in Capex, M&A on Track as Oil Prices Stumble
2025-04-11 - Volatility won’t affect Permian Basin-focused U.S. Energy Development Corp.’s day-to-day operations or its plans for deals, CEO Jordan Jayson told Hart Energy.
BP Forecasts Dip in First-Quarter Upstream Production
2025-04-13 - BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Q&A: Where There’s a Williams, There’s a Way for Gas
2025-04-09 - Midstream giant Williams Cos. leads the natural gas bulls on the great infrastructure buildout, President and CEO Alan Armstrong tells Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.