Intersect Power began the business operation of its Athos III photo voltaic venture in Riverside County, California, on December 22, 2022. The Athos III photo voltaic venture was constructed by union labor, with American-made photo voltaic panels, batteries and metal piles, and it’s anticipated to fulfill the home content material and prevailing wage necessities for tax credit score incentives within the Inflation Discount Act (IRA).
The Athos III photo voltaic venture (also called Blythe Mesa Photo voltaic II) generates 224 MWAC/310 MWDC of photo voltaic power, sufficient to energy roughly 94,000 properties, and options 448 MWh of co-located storage.
“Immediately marks a significant milestone for the Intersect Energy workforce and our impression as a clear power developer, proprietor and operator,” stated Sheldon Kimber, CEO of Intersect Energy CEO. “Athos III demonstrates that Intersect continues to pioneer procurement requirements for our trade that dwell as much as the imaginative and prescient of the IRA. This venture is way more than a major new supply of fresh power for California’s power system; it’s additionally a case examine in how the clear power trade can maximize our impression by prioritizing home provide chains and union labor to make sure the advantages of the clear power transition are felt by all Individuals.”
The Athos III photo voltaic venture is a part of Intersect Energy’s near-term portfolio totaling 2.2 GW of photo voltaic PV and 1.4 GWh of co-located storage. The rest of the portfolio shall be operational in 2023. Building of the Athos III photo voltaic venture created 500 peak union jobs.
Funding for the venture’s building and operations was secured as a part of the broader portfolio financing introduced final November, when Intersect Energy closed on portfolio-level time period debt, tax fairness and building financing commitments from financiers and buyers.
Information merchandise from Intersect Energy
