Nearly 1-GW Slate Solar-Storage project operational in northern California

March 21, 2022
The Goldman Sachs Renewable Power-owned project, which was developed by Canadian Solar-subsidiary Recurrent Energy, will serve northern California-based organizations including Bay Area Rapid Transit, Stanford University and others

Goldman Sachs Renewable Power (GSRP), an affiliate of financial giant Goldman Sachs Asset Management, has announced that its Slate 390 MW solar and 561 MWh storage project in Kings County, California is now in operation.

The Goldman Sachs Renewable Power-owned project, which was developed by Canadian Solar-subsidiary Recurrent Energy, will serve northern California-based organizations including Bay Area Rapid Transit (BART), Central Coast Community Energy (3CE), the Power and Water Resources Pooling Authority (PWRPA), Silicon Valley Clean Energy (SVCE) and Stanford University.

“With the benefit of Slate Solar as a centerpiece of its supply portfolio, BART will maintain a power supply that is 100% greenhouse gas free, while substantially increasing its share of eligible renewable electricity to over 50% of its annual need,” BART Board of Directors member Mark Foley said. “Equally important, the contribution of Slate Solar represents a step forward in the decarbonization of California’s transportation sector, currently the highest emitting segment of the state’s economy.”

The dispatchable solar-plus-storage power will contribute to each organization’s achievement of their renewable energy procurement goals.

Goldman Sachs acquired the Slate project from Recurrent Energy in January 2021. Noting the significant demand for solar and energy storage projects in California, GSRP Head Jon Yoder said the firm will continue to invest in projects like Slate to aid the state with its transition to a carbon-free power grid.

Slate is projected to generate enough low or no-carbon energy to reduce CO2 emissions by approximately 369,310 metric tons annually. The battery storage will enable customers to access carbon-free energy in the evening and ensure grid reliability during times of peak demand.

California Energy Commission Vice Chair Siva Gunda said, “Congratulations to all the organizations and individuals across both the private sector and public sector that contributed to making this project happen, helping put Kings County at the forefront of California’s clean energy future. Meeting the state’s 100 percent clean electricity goals requires an unprecedented amount of new solar and storage resources to come online and a tremendous amount of collaboration to build the type of solutions at the scale we need.”