Arevon Energy has announced the commencement of operations at its 384 MWdc Eland 1 Solar plus Storage Project in Kern County, California. 

The project includes a 150 MW/600 MWh energy storage system.

The second phase, Eland 2, is currently under construction and is expected to be operational by the first quarter of 2025. 

Upon completion, Eland 1 and Eland 2 will have a combined capacity of 758 MWdc of solar power and 300 MW/1,200 MWh of energy storage. 

The total capital cost for both phases exceeds $2 billion.

Similar Posts

|

Mufin Green Finance to fund Rs 5 billion solar projects by 2026

By

Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector.  The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations, contributing to India’s renewable energy…

|

Sun Drops receives LoI for 9 MW solar projects under CPP segment

By

Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a letter of intent (LoI) to develop solar power projects with a total capacity of 9 MW under the company’s captive power producer (CPP) segment.  The projects are scheduled for completion in various tranches by May 2025.

|

Amazon achieves 100% renewable energy goal ahead of schedule

By

Amazon has powered its operations, including data centres, with 100% renewable energy, reaching this milestone seven years ahead of its original 2030 target. The company invested billions of dollars in over 500 solar and wind projects, generating enough energy to power approximately 7.6 million US homes. This achievement is part of Amazon’s commitment to net-zero carbon by 2040. However, the company acknowledges that the rising energy demands from generative AI will require adapting its energy…

|

UltraTech raises $500 million through sustainability-linked financing

By

UltraTech Cement has secured $500 million through sustainability-linked financing, involving participation from six major banks. This marks the company’s second sustainability-linked transaction, following its inaugural bond issuance in 2021, and underscores UltraTech’s commitment to aligning its funding strategy with its sustainability and ESG goals. The banks involved in the transaction are Sumitomo Mitsui Banking Corporation (SMBC), State Bank of India (SBI), BNP Paribas, DBS, MUFG, and Mizuho. SMBC played a pivotal role, acting as the…

|

Wardwizard reports financial performance for Q1 FY25

By

Wardwizard Innovations & Mobility Limited reported its financial performance for Q1 FY25, ending in June 2024. The company’s revenue increased to Rs 489.68 million, a 29.23 per cent year-on-year growth. Standalone total revenues rose from Rs 378.93 million in the same quarter of the previous year, while EBITDA jumped 60.13 per cent to Rs 76.48 million, with an EBITDA margin of 15.62 per cent, up by 302 basis points. The profit after tax (PAT) was…

|

Skipper achieves record-high order book of Rs 65.9 billion

By

Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April 1 to October 28, 2024, totaled Rs…

Leave a Reply

Your email address will not be published. Required fields are marked *