Energy Storage News•16 days ago
Clearway negotiates 560MWh tolling agreements with California IOU SDG&E, sells BESS to yieldco
Key Takeaway
This transaction illustrates how developers are utilizing tolling agreements and yieldco structures to finance and de-risk large-scale solar-plus-storage projects, setting a precedent for future energy infrastructure development in capacity-constrained markets.
AI Summary
- •Clearway Energy Group secured 560MWh battery energy storage system (BESS) tolling agreements with SDG&E for a solar-plus-storage complex in Kern County, California.
- •The BESS asset was subsequently sold to a yieldco, demonstrating a financial strategy to monetize stable, contracted revenue streams and optimize capital deployment.
- •Tolling agreements provide a predictable, capacity-based revenue model for storage assets, significantly de-risking projects for developers in the CAISO market.
Topics
caisofinancingppasolarstorage