Capital Dynamics has acquired a solar project in Clark County, Nev., that is designed to include a 90 MW/360 MWh battery storage unit.
Houston-based developer Skylar Resources has been developing the 180 MW Townsite solar project for the last four years, since acquiring it from Korea Western Power Americas in 2015 (PFR, 10/5/15).
The sale to CapDyn closed on July 3, according to a filing with the Public Utilities Commission of Nevada.
"We believe this is the first hybrid utility-scale solar and energy storage project serving fixed volume power purchase agreements,” said CapDyn managing director Benoit Allehaut in a statement.
Glendale Water & Power is one of the project's offtakers under a 25-year PPA for 25 MW. Details surrounding its two other PPAs were not disclosed.
Construction is set to begin next year with commercial operations pegged for late 2021.
Tenaska Power Services will be the energy service agent for the project, assisting with the sale and purchase of surplus and deficit merchant power, battery scheduling and energy management.