Energy Storage News•about 10 hours ago
Lydian Energy secures US$689 million for three US BESS and solar projects
Key Takeaway
This substantial financing deal underscores robust investor confidence and continued expansion in utility-scale solar and battery storage projects across diverse US markets, providing a clear signal of capital availability for similar developments.
AI Summary
- •Lydian Energy secured US$689 million in financing for three utility-scale projects.
- •The financing covers two solar projects and one battery energy storage system (BESS).
- •Projects are located in New Mexico, Texas (ERCOT region), and Utah, indicating diverse market engagement.
- •This significant capital infusion highlights strong investor confidence in renewable energy and storage development, signaling continued market growth for developers and IPPs.
Topics
ercotfinancingsolarstorage