Meridian Clean Energy, a power project owner and developer enabling a decarbonized future energy system, has forged a strategic partnership with Climate Adaptive Infrastructure (CAI), an investment firm funding low-carbon energy, water and transport infrastructure.
The partners have made their first investment with the acquisition of a 25 percent interest in the Sentinel Energy Center, an 850-megawatt peaking power plant in Riverside, Calif.
Sentinel Energy Center operates eight large turbines, creating one of the most efficient and flexible peaking power plants in Southern California. Sentinel’s quick-start capability enables it to efficiently fill the peaks and valleys created by the 11 gigawatts of intermittent wind and solar resources surrounding the plant and serving the greater Los Angeles basin.
“As California continues toward its decarbonization goals, Sentinel works to stabilize the increasingly renewable-driven grid,” said John Woolard, CEO of Me