Revolve Renewable Energy has accomplished the interconnection milestone associated to the 1,000 MW Bouse Photo voltaic and Storage Challenge, positioned in La Paz County, Ariz.
The mission was bought in January 2023 to ENGIE IR Holdings, with the sale additionally together with the 250 MW Parker Photo voltaic & Storage Challenge. On the time, the corporate acquired a $2 million upfront fee.
The remaining consideration is linked to every mission finishing additional interconnection research, ENGIE issuing a Discover to Proceed building works to the relevant engineering and procurement contractor and grid synchronization.
The following milestone fee associated to the Bouse Challenge totalling $3.4 million has now been paid to Revolve.
“We’re delighted to succeed in a key milestone for the Bouse Challenge and the general transaction with ENGIE,” says Steve Dalton, CEO of Revolve.
“The Bouse Challenge is among the largest photo voltaic and battery storage initiatives being developed for the Californian market and we sit up for additional progress being made in direction of discover to proceed within the coming years.”
