The 69MW/552MWh lithium-ion battery storage resource will be developed by REV Renewables near Rosamond, in Kern County, California.
The plans come as part of an 11.5GW clean energy procurement order by the California Public Utilities Commission.
The Iron Point and Hot Pot solar-plus-storage projects will be constructed by Primergy Solar and sold to NV Energy upon completion, under a Build Transfer Agreement.
Part of a larger portfolio that also includes two wind projects, the solar installations have a combined capacity of 360 MW.
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Philip Shen, managing director, ROTH Capital Partners, hosted top analysts from PV InfoLink to discuss their outlook on pricing, supply, and demand at each step in the solar value chain.
Supply chain disruptions, spiking commodities costs, land use permitting uncertainties, and overwhelmed interconnection queues are driving up PPA costs and making supply scarce, but new buyers could bring innovative solutions to alleviate this stress in 2022.
Three projects are set to be in operation by 2024 and will be owned, operated and maintained by Silicon Ranch.
The utility has released its short-term energy plan, as required by the Virginia Clean Economy Act.
The capacity was awarded under the Illinois Adjustable Block Program, which was approved in September, after months of industry stagnation.
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