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Terra-Gen Closes Financing For Second Phase Of Edwards Sanborn Solar Storage Franchise In California

Sep 16, 2022•almost 3 years ago
New CitySolarRenewable EnergyEnergy

Description

Terra-Gen, LLC, a leading independent renewable energy provider, has completed financing on the second phase of its Edwards Sanborn Solar Storage facility in Kern County, Calif., a project that will produce clean energy for more than 164,000 homes and displace more than 320,000 tons of CO2 annually. This phase of the Edwards Sanborn Solar Storage facility is composed of 410 MWac of (megawatts, alternating current) of nameplate solar capacity (358 MWac at the point of interconnection) and 1,786 MWh (megawatt hours) of battery storage. The first phase of the Edwards Sanborn project was financed in July 2021 and its 345 MW of PV and 1,505 MWh of storage are now fully operational.

Company Information

Company

Terra-Gen

Location

El Camino Real

New City, New York, United States

About

Terra-Gen is a renewable energy company focused on developing, owning, and operating utility-scale wind, geothermal, and solar generation. Terra-Gen owns 976 MWs (net equity) of wind, geothermal and solar generating capacity in operation across 25 renewable power facilities throughout the Western United States with a focus on the California marketplace. Terra-Gen's subsidiaries are responsible for the operation and maintenance of over 2,000 MWs of renewable projects. Terra-Gen's operating portfolio is one of the largest renewable businesses in the United States. Terra-Gen continues to expand operations in renewable generation through a combination of acquisitions of operating projects, development of new projects and partnering on mid and late stage development opportunities. Terra-Gen is owned by Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure. Since 2005, the Firm has raised over $13 billion in commitments, utilizing this capital to build and acquire investment platforms across multiple energy sub-sectors.

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