D.E. Shaw Group Underway with $3.5 Billion in U.S. Renewable Energy Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--The renewable energy branch of finance firm D.E. Shaw Group (New York, New York), D. E. Shaw Renewable Investments (DESRI), is underway with several renewable energy projects throughout the U.S., primarily involving solar power and battery energy storage systems (BESS). Industrial Info is tracking $3.5 billion worth of active renewable energy projects from the group, including $1.88 billion worth that have a medium to high probability (70-99%) of moving forward as planned. The Rocky Mountain market region, with more than $1.2 billion of active Shaw projects, leads the U.S. in terms of the overall value of the company's projects.

D.E. Shaw's activity in the Rockies region is primarily in Colorado, New Mexico and Utah. One of the company's largest projects in New Mexico is in the process of wrapping up. The Arroyo solar facility in McKinley County is being built on the site of retired units of the San Juan Generating Station, a coal-fired power station that began operating in 1973, the last operating unit of which was decommissioned last year. Construction on the solar farm kicked off in 2021, and the facility will use approximately 1 million single-tracking solar panels to provide a nameplate generating capacity of 300 megawatts (MW). Accompanying the solar generation will be a 150-MW BESS to provide power in times of high demand or when the sun isn't shining. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project reports.

D.E. Shaw also has several smaller solar projects underway in the Rocky Mountains region. Examples include the Elektron solar energy facility near Tooele, Utah, construction of which began in late 2021. The Elektron facility will use approximately 200,000 First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) solar modules to provide nameplate generation of 80 MW. The project is expected to be completed later this year. Subscribers can click here for more details.

Outside of the Rockies region, two of D.E. Shaw's largest renewable energy projects are with the Highland I and Highland II solar facilities in Mowrystown, Ohio. Both projects kicked off construction in 2021. The Highland I portion will use 331,000 bifacial solar panels on a single-axis tracking system to provide 100 MW of power. The larger Highland II portion will use more than 640,000 solar panels on a single-axis tracking system to provide nameplate generation of 200 MW. Both projects are expected to be completed later this year. Subscribers can learn more by viewing the reports on Highland I and Highland II.

Other notable D.E. Shaw solar projects underway include the River Fork solar plant near Albion, Michigan. The facility will use 560,000 Jinko solar panels on a single-axis tracking system to provide 149 MW of power. D.E. Shaw has signed power purchase agreements for the facility's output, with 100 MW designated to Consumers Energy (Jackson, Michigan) and 49 MW to go to DTE Energy Company (NYSE:DTE) (Detroit, Michigan). Engineering, procurement and construction contractor Swinerton Incorporated (San Francisco, California) is expected to wrap up the project early next year. Subscribers can click here for the full report.

Subscribers to Industrial Info's GMI Power Database can click here to see the reports for all of the projects discussed in this article and click here for the related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).