Exus Renewables North America Acquires 250 MW / 1,000 MWh BESS Project from NextVolt in the U.S.
NextVolt has sold a 250 MW / 1,000 MWh standalone battery energy storage project in the WECC region of the United States to Exus Renewables North America. The utility-scale BESS project is currently under development and will strengthen Exus’ growing North American storage portfolio.
Transaction date: · Source: prnewswire.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 250 MW
- Transaction price
- Not disclosed
- Buyer
- Exus Renewables
- Seller
- NextVolt
- Country
- United States
- Region
- WECC region
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
Standalone utility-scale battery energy storage system with a total capacity of 250 MW and 1,000 MWh of energy storage. The project is currently in development and will be advanced through final development and construction by Exus Renewables North America.
Additional information
NextVolt originated the project, secured site control, and completed early-stage development and diligence. Following the transaction, Exus Renewables North America will own and operate the facility long-term. The project is located in the WECC region and is intended to enhance grid capacity and resiliency during peak demand periods. The sale supports NextVolt’s strategy of recycling capital into its growing North American development pipeline.
Source
Original announcement: https://www.prnewswire.com/news-releases/nextvolt-announces-sale-of-250-mw--1-000-mwh-battery-energy-storage-project-to-exus-renewables-north-america-302662742.html