Revolve Renewable Energy has accomplished the interconnection milestone associated to the 1,000 MW Bouse Photo voltaic and Storage Mission, positioned in La Paz County, Ariz.
The venture was offered in January 2023 to ENGIE IR Holdings, with the sale additionally together with the 250 MW Parker Photo voltaic & Storage Mission. On the time, the corporate acquired a $2 million upfront cost.
The remaining consideration is linked to every venture finishing additional interconnection research, ENGIE issuing a Discover to Proceed development works to the relevant engineering and procurement contractor and grid synchronization.
The subsequent milestone cost associated to the Bouse Mission totalling $3.four million has now been paid to Revolve.
“We’re delighted to succeed in a key milestone for the Bouse Mission and the general transaction with ENGIE,” says Steve Dalton, CEO of Revolve.
“The Bouse Mission is among the largest photo voltaic and battery storage initiatives being developed for the Californian market and we look ahead to additional progress being made in the direction of discover to proceed within the coming years.”
