EDF & Power Sustainable close Desert Quartzite project financing

Desert Quartzite Solar+Storage has secured financing for its 375 MW DC PV and 150 MW AC storage, project led by EDF Renewables and Power Sustainable in California.

By Karthik Srivasthav G 17 Apr 2025 in Project Bytes America Bytes

New Update

The Desert Quartzite project has capacity to power over 163,000 homes and cut 669,000 metric tons of CO₂ annually. Image Source: EDF Renewables

US renewable energy developer, EDF Renewables North America has closed financing for the Desert Quartzite Solar+Storage hybrid project in California. According to EDF Renewables, the portfolio has 375 MW DC of solar capacity and a 150 MW AC, four-hour battery system. The project was developed with Power Sustainable Energy Infrastructure Inc. and began delivering electricity in December 2024. The Riverside County project is being supplied under a 20-year PPA with Clean Power Alliance. The portfolio is expected to power around 163,000 homes and reduce carbon emissions by 669,000 metric tons annually. Financing was provided by KfW IPEX-Bank, MUFG Bank Ltd, Export Development Canada, Korea Development Bank, and others. EDF Renewables said this was its first US leveraged financing in over a decade.

#US #SolarPlusStorage #DesertQuartzite #EDFNorthAmerica

Advertisment {'id': '6800ab2365f442ebbfd4a92f', 'source_name': 'BusinessWire', 'source_link': 'https://www.businesswire.com/news/home/20250416974372/en/EDF-Renewables-North-America-and-Power-Sustainable-Close-Financing-for-Desert-Quartzite-Solar-and-Storage-Project', 'contact_name': 'Sandi Briner ', 'contact_email': '[email protected]'}

Advertisment

Scan to join our channel