Tesla Megapack Batteries are helping Apple's Massive Battery Storage Project

Apple is developing a 60 MW, 240 MWh battery-based renewable resource storage facility near the California Flats solar setup in southeastern Monterey County, in the central part of the state. Files seen by PV magazine the USA show that Tesla will supply up to 85 of its Megapack battery systems for the job.

FirstSolar developed the 280 MW California Flats task in 2016. Utility Pacific Gas & Electric has a power acquisition contract (PPA) for 150 MW of ability, and Apple has a PPA for the staying 130 MW.

Construction of the energy storage space system includes an interconnection to an existing 230 kV circuit and a 34.5 kV feeder complete with fiber optic cable in between the substation and the storage system.

Apple additionally claimed that greater than 110 of its worldwide vendors are moving to 100% renewable resource for their Apple manufacturing, with nearly 8 GW of planned power tasks ready to come online.

BESS for SaskPower

Canadian utility SaskPower stated it would build a 20 MWh battery power storage system at a changing terminal in Regina, Saskatchewan’s resources. The utility claimed it is obtaining federal financing under the Purchasing Canada Infrastructure Program to help cover several of the job expenses, which it stated would certainly complete C$ 26 million ($ 20.65 million).

SaskPower said it would undoubtedly choose innovation for the project by mid-year, start construction in late 2021, and energize the center by mid-2022.

Cleantech investment collaboration

Investment supervisor Energize Ventures and investment team Caisse de dépot et placement du Québec (CDPQ) revealed a collaboration under which CDPQ will certainly invest approximately $125 million over the next three years in endeavors to increase the digital makeover of power and also lasting market fields.

Stimulate, and CDPQ will certainly share sector expertise concerning climate and lasting financial investments, emphasizing digital advancements that progress the power transition. Examples include:

  • Innovations focused on resolving environment modification.
  • Unusual movement.
  • Accelerating the deployment and also the adoption of a renewable resource.

Energize Ventures said its Energize Fund I have invested nearly $200 million across 14 firms, consisting of Volta Charging, Aurora Solar, Jupiter Knowledge, Rapid Radius, and also DroneDeploy. Stimulate is backed by CDPQ, Invenergy, Schneider Electric, General Electric, and Caterpillar.

Loanpal securitization

Solar lender Loanpal said that two Goldman Sachs-sponsored packages closed a securitization of around $421 million worth of solar property fundings previously purchased by Goldman Sachs, GoodFinch, Blackstone Credit, and also Davidson Kempner Funding Administration LP. Goldman, as well as Credit report Suisse, acted as joint bookrunners on the securitization.

Loanpal said that more than two lots financiers took part in the oversubscribed purchase, its second to close in 2021. The securitization included $343.4 million of 3 courses of rated notes with a heavy ordinary promo code rate of 2.39%. At the time of origination, the rich typical FICO score of the lendings was 744.

By Peter

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