Debt-financed battery project serving California non-profit energy supplier

Luna Battery Storage, a 100MW/400MWh battery energy storage system (BESS) project in California which was the subject of a “landmark” debt finance deal, is now online and serving community choice aggregator Clean Power Alliance (CPA).

CPA has contracted for 100MW of flexible energy storage capacity for a 15-year term with AES Corporation, which owns the project and developed it through subsidiary sPower – which was later merged into the parent company, becoming AES Clean Energy.

CPA said last week that it is now receiving the clean energy capacity from the system in the City of Lancaster, Los Angeles County.

Click here to read the full article
Source: Energy Storage News

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.