Energy Storage News•1 day ago
BrightNight and Cordelio reach financial close for 1,200MWh Arizona BESS
Key Takeaway
The financial close of this massive solar-plus-storage project underscores the growing maturity and bankability of dispatchable renewable energy solutions, offering critical grid stability and predictable power for developers and large consumers.
AI Summary
- •BrightNight and Cordelio Power have reached financial close on the 300MWac solar PV and 300MW/1,200MWh BESS Pioneer Clean Energy Centre in Yuma, Arizona.
- •This project represents a significant investment in large-scale, long-duration battery energy storage (1.2GWh), demonstrating increasing market confidence and viability for such developments.
- •The successful financing of this co-located solar-plus-storage facility provides a blueprint for developers seeking to deploy similar dispatchable renewable energy assets.
- •For large power consumers, this project enhances grid reliability and provides a substantial source of firm, clean energy in the Arizona market, potentially stabilizing energy costs.
Topics
solarstoragefinancinginterconnectpolicyppadatacenter