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Project Finance Brief: Greenbacker Acquires 120 MWh BESS Project in California

Altus Power secures $47 million funding

June 28, 2023

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Sustainable infrastructure investor Greenbacker Capital Management has acquired a 30-MW/120-MWh battery energy storage system project in Imperial County, California, from the solar and storage developer SunCode. The project has a long-term power purchase agreement in place with an investment-grade utility and is expected to enter commercial operation in the third quarter of 2023.

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