Energy Storage, Commercial, Solar, Sourcing Renewables - December 10, 2019
Investment firm PPA approved for solar and battery project
Quinbrook Infrastructure Partners, a specialist global investment manager, will begin to source power from a 690 MW solar and battery storage project through a 25-year PPA that was approved by the Public Utilities Commission of Nevada Dec. 6.
The AC Gemini Solar + Battery Storage Project will be located in Clark County, Nev., and will be developed in partnership with NV Energy and Arevia Power. The solar and battery system is expected to take up approximately 7,100 acres and reduce carbon emissions by 1.5 million tons per year.
The project is expected to exceed $1 billion in capital expenditure.
“This decision from the PUCN clears the path for Quinbrook to progress into the final stages of project design and procurement planning for what could be one of the world’s largest ever renewables projects,” David Scaysbrook, Co-Founder and Managing Partner of Quinbrook, said in a statement. “Gemini plans to showcase at scale what we believe to be one of the most promising technological advances in renewable power. The project will demonstrate the ability to couple solar PV technology with battery storage to capture and use Nevada’s abundant renewable solar resource to deliver low cost power to NV Energy’s customers and keep the lights on long after the sun has set.”
Quinbrook’s business focuses on lower carbon and renewable energy infrastructure investment and operational asset management.