Goldman Sachs Renewable Power, an affiliate of Goldman Sachs Asset Management that owns more than 850 solar and storage projects across the United States (GSRP), today announced that its Slate solar and energy storage project is now in operation and serving five California-based organizations. The 390 MW solar plus 561 MWh storage project was originally developed by Recurrent Energy, a wholly owned subsidiary of Canadian Solar
The Slate project, located in Kings County, California, is supported by power purchase agreements with five California-based organizations – Bay Area Rapid Transit (BART), Central Coast Community Energy (3CE), the Power and Water Resources Pooling Authority (PWRPA), Silicon Valley Clean Energy (SVCE) and Stanford University. The Slate project’s dispatchable solar plus storage power is essential to meeting the renewable energy procurement goals of each organization.
To commemorate the start of the Slate project’s operation, GSRP hosted a ribbon cutting event today. Project stakeholders toured the site which will generate enough low-cost, clean energy to power approximately 126,000 California homes and displace approximately 369,310 metric tons of carbon dioxide emissions each year. The battery storage component will enable the Slate project’s customers to obtain more carbon-free energy in the evening hours and ensure grid reliability during times of peak demand.
Read more: Business Wire
