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Transactions - JUNE 7, 2023

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AES buys nation’s largest permitted solar and integrated storage project

by Released

Avantus has sold the Bellefield project, the nation’s largest permitted solar project with integrated storage, to The AES Corporation.

Located in Kern County, Calif., Bellefield will feature a total of one-gigawatt of solar and up to one gigawatt of energy storage across two phases. The transaction includes a long-term Power Purchase Agreement (PPA) with a corporate customer for phase one of the project. Avantus was responsible for the commercial negotiations with the customer and the procurement of key equipment.

The project is expected to generate tax revenue for the community and the county and an estimated 1,000 union construction jobs at peak construction, while supporting indirect employment in the area. The project should also offset 2.25 million metric tons of CO2 per year — the equivalent of removing nearly half a million cars from the road, or about as many cars as are registered in Kern County today.

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