The Assembly Solar III project is the third phase of the Assembly Solar project in Michigan to begin construction. The projects were developed by Chicago-based Ranger Power in partnership with DESRI, and are being constructed by McCarthy Building Companies, Inc. Assembly I began operating in December 2020 and Assembly II is slated to reach commercial operation in the third quarter of 2021. The Assembly Solar cluster will total 239 MW and generate sufficient power for more than 43,000 Michigan homes.
DESRI and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI's portfolio of contracted renewable energy projects currently includes 75 wind and solar projects across 32 states with 5,372 MWac of aggregate capacity. (Source: D. E. Shaw Renewable Investments, PR, 19 Apr., 2021) Contact: DESRI, (212) 478-0000, www.deshaw.com
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The Gravel Pit Solar III project is slated to begin operating in early 2023 and ENE's customers have signed an agreement with the project with a 25-year term. Gravel Pit Solar III, a proposed portfolio of solar projects DESRI is planning for sites under consideration in western Connecticut, Massachusetts, and New Hampshire, would be an extension of the proposed Gravel Pit Solar project in East Windsor, Conn.
Gravel Pit Solar III is expected to generate more than 86 million kWh annually and will be the fourth largest Class I Renewable Energy Credit energy transaction ENE has originated for its customers, and its second solar agreement of this size in a year. Over the term of this agreement, the project is anticipated to generate nearly 2 billion kWh of solar energy.
ENE manages power supply portfolios for more than 20 municipal electric systems throughout New England that collectively serve more than 1,300 MW of load and own more than 550 MW of generation capacity. ENE provides wholesale and retail energy advisory and transaction services for more than 1 billion kWh annually.
D. E. Shaw Renewable Investments (DESRI) and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI's portfolio of renewable energy projects currently includes 41 wind and solar sites that represent more than 2,400 MW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $50 billion in investment and committed capital as of June 1, 2020, and offices in North America, Europe, and Asia. (Source: D. E. Shaw Renewable Investments, PR, 28 Sept., 2020) Contact: ENE, www.ene.org; D. E. Shaw Renewable Investments, , www.deshaw.com
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