Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Recurrent Energy Acquires Two Texas Energy Storage Projects from Black Mountain Energy.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based solar and storage project developer Recurrent Energy, LLC has acquired two standalone Texas-based energy storage projects from Black Mountain Energy Storage, the company said.

Terms of the transaction were not disclosed.

The acquisitions, which are in the South Load Zone of the Texas ERCOT market, expand ERCOT storage pipeline with 400 MWh of standalone storage projects under development.

Both projects are currently in development and are anticipated to reach notice to proceed in 2023 and begin operation in 2Q24.

The two standalone energy storage projects added to Recurrent's development pipeline will be operated as merchant projects in the ERCOT market, providing dispatchable and reliable power to the grid.

Recurrent will continue to develop the projects, finalise entitlements and designs, select and procure equipment, raise project financing, and construct the facilities.

The transactions were executed through the LevelTen Asset Marketplace, a platform that connects clean energy project developers and financiers, and provides the software...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT