ACCIONA teams up with Tenaska to develop 3 GW of solar PV and 1 GW of energy storage

ACCIONA this week announced
that it signed an agreement with energy developer Tenaska to acquire a
portfolio of greenfield photovoltaic (PV) solar and energy storage projects in
the U.S. The development portfolio comprises approximately 3,000 megawatts (MW)
of utility-scale solar and 1,000 MW of co-located solar and energy storage.

The transaction includes 20
solar projects in the PJM Interconnection and Southwest Power Pool (SPP)
markets and a solar and storage development pipeline in seven states, including
Pennsylvania, Ohio, Kentucky, Illinois, Missouri, Kansas and Oklahoma.

Tenaska – through Tenaska Solar
Ventures, the company’s solar development services business – will work with
ACCIONA to complete development of the projects.

ACCIONA envisions commissioning eight projects
by the end of 2023, adding around 1,500 MW of peak capacity (some 1,200 MW
rated capacity) to its North American renewable energy portfolio.

The agreement with Tenaska adds to ACCIONA’s
North American portfolio, which includes 1,245 MW of wind power installed and
under construction.  ACCIONA also owns and operates the 64-MW Nevada Solar
One concentrated solar plant outside of Las Vegas. 

The addition of a 1,000-MW energy storage
development portfolio allows ACCIONA to offer cutting-edge technologies and
services to these important U.S. markets. Analysts expect energy storage to
experience exponential growth in the U.S. in coming years. 

Globally, ACCIONA operates almost 10,000 MW of
renewable capacity under its ownership spread across 16 countries and five
continents.

Tenaska has developed
approximately 10,500 MW of natural gas-fueled and renewables power projects. Tenaska
Solar Ventures provides development services to approximately 40 projects in 11
states, totaling roughly 6,000 MW of renewable solar capacity.

Lead image: A photograph of Nevada Solar One (right), and Copper Mountain Solar 1 (left): taken from a commercial jetliner in Fall 2011. Credit: Michael Adams.

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