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Home » Uncategorized » Goldman Sachs toasts 390MW PV-plus-storage in California
Solar

Goldman Sachs toasts 390MW PV-plus-storage in California

Robin LancasterBy Robin LancasterMarch 16, 20222 Mins Read
Canadian Solar inks €55m Italian solar deal

Goldman Sachs Renewable Power has brought online its 390MW Slate solar plus energy storage project in Kings County in the US state of California.

Slate, which was originally developed by Canadian Solar subsidiary Recurrent Energy, has 561 megawatt-hours of storage capacity,

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It is supported by power purchase agreements with five California-based organizations – Bay Area Rapid Transit, Central Coast Community Energy, the Power and Water Resources Pooling Authority, Silicon Valley Clean Energy and Stanford University.

Goldman Sachs Renewable Power head Jon Yoder said: “We are thrilled that Slate is now online and serving California-based organisations.

“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.”

Canadian Solar chair and chief executive Shawn Qu said: “Slate is a landmark project that will help California meet its leading renewable energy targets.

“We started developing Slate in 2015, and we’re proud that this project was contracted as one of the first utility-scale solar and energy storage projects in the state, thanks to the forward-thinking leadership among the projects’ customers.

“Recurrent’s energy storage business is now on an equal footing with our long-running solar business, and we’re pleased to demonstrate our execution capabilities on another project with our partners at GSRP.”

The project employed approximately 405 workers at peak construction, with 90% of the construction jobs filled by local skilled tradespeople from the Kings County area.

California Energy Storage Goldman Sachs Solar
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