D. E. Shaw Renewable Investments purchases 160-MW Rancho Seco Solar II

Lendlease, an
international property and infrastructure group, announced that D. E. Shaw
Renewable Investments (DESRI) has acquired the 160 MW-ac Rancho Seco Solar II
project, located in Sacramento County, California. The project has a 30-year
Power Purchase Agreement in place with the Sacramento Municipal Utility
District and is being built on the site of a decommissioned nuclear power
plant. Construction began last year.

In addition to Martin’s statements, Craig Carson, General Manager of Lendlease Energy Development said, “Rancho Seco Solar II sets the standard for sustainable energy generation located on decommissioned nuclear power plant sites in the United States, and Lendlease is committed both to further development of renewable energy facilities and working with the most innovative partners in this field.”

According to
Lendlease, the company develops, builds and finances utility scale solar and
storage projects throughout the United States. One recent project involved the
development, building and transferred ownership of the 60-acre Cooperative
Solar Far One facility in Clark County, Kentucky.

Construction
has also been initiated on the island that holds Palm Communities Energy
Services Project in Hawaii. Lendlease claims to have a $150 million energy
modernization and security project that powers 5,800 military homes on this
island.

Despite their headquarters being in Syndney, Australia, Lendlease has developed Fort Bend Solar, a 200-megawatt solar farm west of Houston, Texas, as well. The company states that its vision is “To create the best places; places that inspire and enrich the lives of people around the world” and it embodies this message greatly within the above international investments.

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