Recurrent Energy, a subsidiary of Canadian Solar Inc, has entered into two 20-year tolling agreements for a 150-MW solar farm and a 600-MWh energy storage system located in Maricopa County, Arizona.
The agreements pertain to the Desert Bloom Storage and Papago Solar projects and were finalized with Arizona Public Service Company (APS), according to a recent press statement.
Construction on these projects is slated to begin in 2025, with commissioning expected in 2026. Once operational, the Desert Bloom facility will be capable of providing power equivalent to the needs of 72,000 homes for four hours, while the Papago project is designed to meet the annual energy needs of 24,000 homes.
These latest agreements build upon a previous deal with APS for a 1,200-MWh energy storage project in the county, which was signed in August 2023. Earlier this year, Recurrent secured USD 513 million (EUR 474.3 million) in financing for that project.
“Our partnership with APS on 1.8 GWh of storage and 150 MW of solar capacity represents a remarkable build out of energy infrastructure in the Phoenix area,” said Recurrent's CEO Ismael Guerrero in the statement.
