DESRI, BPRE acquire five California solar power projects

Source: D. E. Shaw Renewable Investments

D. E. Shaw Renewable Investments, LLC (DESRI) and Bright Plain Renewable Energy (BPRE) have announced the acquisition of five Tulare County solar power projects from Macquarie Capital.  The 21.9-megawatt (DC) portfolio of solar projects was originally developed by ImMODO Energy Services Corporation (ImMODO) in Tulare County, CA, and was acquired by an affiliate of DESRI in partnership with BPRE.

ImMODO will continue to serve as the engineering, procurement, and construction (EPC) contractor for the five projects, and will also provide operations and maintenance (O&M) services to the facilities once operational.  The projects are expected to produce more than 36,500 MWhs of renewable energy per year for customers of Pacific Gas & Electric and Southern California Edison.  KeyBank N.A. provided construction and term financing to the projects.

"Solar power provides a clean and reliable source of energy to serve our growing energy demand while reducing the need for imported fossil fuels," said Bryan Martin, managing director and head of U.S. growth and buyout private equity at the D. E. Shaw group.  "We're confident that these projects will benefit the residents of central California for years to come."

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 08/25/2015 / 12:00 PM Eastern Daylight Time / 11:00 AM Central Daylight Time / 09:00 AM Pacific Daylight Time / 16:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Latest Energy Jobs

View more Job Listings >>