Energy Storage News•about 11 hours ago
Hanwha and Morrison’s Chrysalis partner for 3.5GW of solar and storage in North America
Key Takeaway
This massive 3.5GW solar and storage partnership signals a significant expansion of renewable energy supply in North America, intensifying competition and offering more PPA opportunities for large consumers.
AI Summary
- •Hanwha and Morrison's Chrysalis have partnered, backed by a US$30 billion infrastructure giant, to develop 3.5GW of solar and energy storage projects across North America.
- •This substantial new capacity will increase the supply of renewable energy and storage, potentially driving down PPA prices for large power consumers seeking clean energy solutions.
- •Developers should anticipate increased competition for interconnection queue positions and PPA opportunities, while large loads will benefit from a broader and potentially more competitive market for long-term renewable energy contracts.
Topics
financinginterconnectpolicyppasolarstorage