November 14, 2024

Standard Solar Acquires 25-MWp PV Project from Balanced Rock

In a strategic move to expand its clean energy portfolio, Standard Solar has finalized the acquisition of the Windhub Solar B project, a 25-megawatt (MWdc) facility, from developer Balanced Rock Power (BRP). The project, located in California’s Kern County, marks a significant addition to the state’s renewable energy infrastructure.

Standard Solar Acquires 25-MWp PV Project from Balanced Rock to Bolster California’s Grid

The Windhub Solar B project is poised to play a crucial role in supporting California’s ambitious climate objectives. Once operational, the facility will connect to the Windhub Substation and deliver clean power to Southern California Edison, directly contributing to the utility’s goal of achieving 100% carbon-free electricity by 2045. This development is particularly timely as the California Independent System Operator (CAISO) anticipates a significant increase in peak power demand, making new energy sources essential for grid reliability.

“This acquisition is another example of our successful partnerships with innovative developers like BRP, allowing us to bring high-quality solar projects to market efficiently,” stated Mike Streams, Chief Development Officer of Standard Solar. He added that the purchase aligns with the company’s focus on acquiring utility-scale projects in the 20 to 75 MW range. “Our expertise in these types of acquisitions enables us to strategically expand our clean energy portfolio and provide dependable, sustainable power to the grid.”

Project Details and Community Impact

Spanning 160 acres, the ground-mounted solar PV installation is projected to generate approximately 56,674 megawatt-hours (MWh) of renewable energy each year. The development plan incorporates thoughtful environmental stewardship, with a portion of the land set aside to protect a native Joshua Tree grove, thereby supporting local biodiversity.

Beyond its environmental benefits, the project is expected to stimulate the local economy. It will create jobs during the construction phase and provide long-term financial advantages for Kern County through enhanced tax revenue and community investments.

John Knight, CEO of Balanced Rock Power, commented on the collaboration, stating, “Balanced Rock Power is building on its recent successes to bring additional renewable energy capacity to the power grid across the United States. We are excited to work with all of our partners, including Standard Solar, to bring this project to fruition.”

About the Partners

Standard Solar, a Brookfield portfolio company, is a national leader in the development, funding, and operation of commercial and community solar assets, with over 350 MW of solar operating across the United States. Balanced Rock Power specializes in developing large-scale solar and battery storage projects throughout North America, leveraging over 50 years of combined team experience in the renewable energy sector.

Sources

  1. March Newsletter – New York Battery and Energy Storage …
  2. Standard Solar expands California presence with 25 MW solar …
  3. Standard Solar Boosts California’s Clean Energy With 25 MW Solar …
  4. In The News Archives – Standard Solar
  5. Projects Archive – Standard Solar
  6. Community Solar Projects – How We’re Advancing Solar
  7. North America Solar PV News Snippets
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