Commercial, Distributed Generation, Solar - March 16, 2022
Goldman Sachs California Solar and Energy Storage Project Launched
The Goldman Sachs Renewable Power’s Slate solar and energy storage project is now in operation and serving five California-based organizations.
The 390 MW solar, plus a 561 MWh storage project was originally developed by Recurrent Energy, a wholly owned subsidiary of Canadian Solar.
The Slate project, located in Kings County, California, is supported by PPAs with five California-based organizations - Bay Area Rapid Transit (BART), Central Coast Community Energy (3CE), the Power and Water Resources Pooling Authority (PWRPA), Silicon Valley Clean Energy (SVCE) and Stanford University.
The solar project can power approximately 126,000 California homes and displace approximately 369,310 metric tons of carbon dioxide emissions each year. The battery storage component will enable the Slate project’s customers to obtain more carbon-free energy in the evening hours and ensure grid reliability during times of peak demand.
Goldman Sachs Renewable Power is an affiliate of Goldman Sachs Asset Management that owns more than 850 solar and storage projects across the U.S.
“We are thrilled that Slate is now online and serving California-based organizations,” said Jon Yoder, Head of GSRP, in a statement. “There is significant demand throughout California for solar and energy storage projects at this scale, and we look forward to continuing to invest in projects like Slate that will help facilitate the state’s transition to a carbon-free power grid. We thank our partners at Recurrent once again for delivering on this project and we look forward to operating this project for decades to come.”
Read These Related Articles:
- Report: Goldman Sachs, H&M ramp clean energy use
- Smart Energy Voices Podcast: Episode 5 - Goldman Sachs' Renewable Energy Journey
- Smart Energy Voices Podcast - Episode 37: The State of Sustainable Finance
- Citi, Goldman Sachs and Others Join Collaboration to Decarbonize Steel
- Goldman Sachs 2020 Sustainability Report