
EDF Renewable’s asset optimization team will continue the project’s long-term operations and maintenance. (Source: Shutterstock)
Power Sustainable Energy Infrastructure Inc. (PSEI) is investing in North American solar with the acquisition of a 50% stake in EDF Renewables North America’s Desert Quartzite Solar+Storage Project in Riverside County, California.
The investment is PSEI’s largest to date and was executed with Potentia Renewables Inc., PSEI’s integrated developer and asset manager.
Desert Quartzite is under construction for a capacity of 300 megawatts (MW) of solar generation and a battery energy storage system with a capacity of 150 MW every four hours. Construction is expected to be finished by the end of the year, and with the commencement of commercial operation the final phase of PSEI’s investment will close.
EDF Renewable’s asset optimization team will continue the project’s long-term operations and maintenance.
Clean Power Alliance has a 20-year power purchase agreement for the electricity generated at Desert Quartzite to service Los Angeles and Ventura counties.
Recommended Reading
EQT, Expand: Gassing Up the AI Power Demand Rush
2025-06-06 - Expand Energy has joined EQT Corp. in the triple investment grade credit-rating club, making it another Marcellus counterparty risk-worthy partner for gas supply to power AI data centers.
Waha Hub NatGas Prices Turn Negative
2025-05-19 - Analysts expect producers will respond to negative Waha natural gas prices with a boost in ethane production.
LNG Canada Produces First LNG for Export
2025-06-23 - LNG Canada produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project said June 22.
Midstream Moves to Forefront as Energy Stands on National Stage
2025-06-26 - As the midstream energy sector navigates the spotlight of national public attention, executives discuss how midstream operators are positioned in an era of change.
Matterhorn Ownership Reshuffled in Deal Reportedly Worth $5B
2025-05-08 - Investment firm I Squared and Enbridge will take stakes in the joint venture for the Matterhorn Express natural gas pipeline in the Permian Basin.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.