Lydian Energy, an independent power producer specializing in the development, construction, and operation of utility-scale power infrastructure projects, has announced it has acquired Hanwha Renewables’ approximately 1.5 gigawatt solar/battery energy storage system (BESS) Atlas North portfolio, one of the largest solar-plus-energy storage projects in North America, consisting of four late-stage projects. Lydian is backed by Excelsior Energy Capital, an independent North American clean energy investor.
The Atlas North portfolio totals more than 1,000 megawatts of solar-generating capacity with 450 megawatts/1,800 megawatt hours of battery storage. The projects include a 500 kilovolts generation-tie transmission line spanning up to two miles, which connects the solar and BESS facilities to the regional CAISO grid via the Cielo Azul Switchyard and the Ten West Link transmission line. The vast majority of electricity and capacity from Atlas North is contracted for long-term off
