ContourGlobal, a renewable energy power generation company, has announced the acquisition of an advanced-stage solar-plus-storage project with a total capacity of 888 MW. The project will be developed in two phases, featuring 567 MWp of solar capacity and 321 MW/1.3 GWh of battery energy storage. Once operational, the project will provide clean electricity to customers in WECC-Southwest, Arizona, and CAISO, California.
The project has completed key development processes, including environmental, interconnection, and permitting, and is in the advanced stage of development. It is expected to reach commercial operation by early 2028.
The project is strategically located, catering to a highly competitive energy market with strong demand, including from data centers and other commercial customers.
Antonio Cammisecra, CEO of ContourGlobal, commented, “The acquisition of this project represents a significant step in achieving our growth and decarbonization objectives. By expanding our portfolio of hybrid Solar PV plus long-duration BESS projects, we’re helping firm up renewable energy supply in one of the most dynamic and demand-driven markets in the U.S.”
With this acquisition, ContourGlobal has entered the renewable energy market in the Western U.S. The company has expanded its renewable capacity to 718 MWp and 321 MW of battery energy storage system. It recently acquired a 151 MWp solar project portfolio in South Carolina.
According to Mercom’s 9M and Q3 2024 Solar Funding and M&A report, 166 project acquisitions totaling 28.3 GW were transacted in 9M 2024 compared to the same number of project acquisitions totaling 31.6 GW in 9M 2023.
In November last year, Avantus, a solar and storage project developer, announced the sale of the Catclaw solar and storage project to D. E. Shaw Renewable Investments (DESRI). The project features 225 MWac solar and 250 MW/1,000 MWh storage capacity in Buckeye, Arizona, in Maricopa County, and is expected to become commercially operational in 2026.
