Avantus Sells Arizona Solar-Plus-Storage Project to DESRI

Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, renewable energy developer Avantus (El Dorado Hills, California) announced that it had sold a large solar-plus-storage project in Arizona to D.E. Shaw Renewable Investments (DESRI) (New York, New York). The project is expected to be completed in the coming years and joins other projects throughout the U.S. from both companies.

The Catclaw solar and energy storage project is located in Maricopa County, Arizona, where Avantus has laid much of the groundwork for the project, including site acquisition, interconnection and permitting. In addition, Avantus has negotiated a long-term power purchase agreement for the project with Arizona Public Service (Phoenix, Arizona). The project will feature 225 megawatts (MW) of solar generation and 250 MW of energy storage.

With the DESRI acquisition, initial development could happen quickly as DESRI says it would like to see the plant begin operating in 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report.

Industrial Info is tracking more than $26 billion worth of active projects from Avantus and DESRI in the U.S., although not all of these will be built according to plan. Looking at projects under construction, one of the most notable from DESRI is the Gravel Pit solar project, which is under construction in East Windsor, Connecticut, and will deliver power to customers in Connecticut, Massachusetts and Rhode Island. The facility gets its name from its location on a 485-acre site that includes former sand and gravel pits. Engineering, procurement and construction (EPC) contractor SOLV Energy (San Diego, California) broke ground at the site early last year and is on track to complete the project soon, when it will begin providing 120 MW of emissions-free solar power. Subscribers can click here to learn more about the project.

Avantus' projects are situated primarily in the southwestern U.S., particularly Arizona, Nevada and California. Many of Avantus' projects are for solar farms featuring a battery energy storage system. Among the company's more ambitious projects is the planned Kingley solar and storage development in Ridgecrest, California. The 720-MW "hybrid" facility will include 360 MW of solar power and 360 MW of battery storage. Construction is expected to begin in late 2025 and take about a year to complete. Subscribers can click here to learn more.

Avantus' planned California and Nevada projects loom largest for the company, coming in at over $10 billion for each state. One of the company's more unique projects in California is the planned Laurel Cluster solar development, which would include four stages of construction at a campus in El Centro, California, each adding a little more than 80 MW in solar generating capacity. The first 82-MW phase is expected to be completed in 2025, followed by Phase II, adding another 81 MW of generation, later that year. Phase III and IV, adding about 160 MW combined, could be completed in 2026. Subscribers can learn more by viewing the related project reports.

Subscribers to Industrial Info's GMI Database can click here to view 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).