PSEI Expands Presence in California Utility-Scale Market with 50% Stake in Desert Quartzite Project
Power Sustainable Energy Infrastructure Inc. (PSEI), the renewable energy infrastructure investment group of Power Sustainable (PS), and EDF Renewables North America (EDF Renewables) have announced the successful closure of phase 1 of a strategic investment.
As per the announcement, PSEI has acquired a 50% interest in the Desert Quartzite Solar+Storage Project.
“We are thrilled to be expanding our presence in the California utility-scale market,” said Pierre-Olivier Perras, Managing Partner at Power Sustainable Energy Infrastructure.
He added, “The swift and collaborative process was a testament to our mutual commitment to making this partnership a success. During our due diligence, it became evident that the EDF Renewables team is top-notch, and we greatly value the professionalism and expertise each department demonstrated.”
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This deal, which includes Potentia Renewables Inc. (Potentia)—PSEI’s integrated developer and operator—marks the beginning of the investment. The final phase will be completed once the project reaches operational and commercial milestones.
Desert Quartzite, situated in Riverside County, California, is in construction. Once completed, it will feature 300 megawatts (MW) of solar power generation paired with a 150 MW/4-hour battery energy storage system (BESS).
The generated electricity will be supplied to Clean Power Alliance, which serves 35 communities across Los Angeles and Ventura Counties, through a 20-year power purchase agreement (PPA).
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The project is slated for completion by the end of the year, and EDF Renewables’ Asset Optimization will oversee its long-term operations and maintenance.
This project also marks PSEI’s largest investment to date and adds to the company's previous investment in the California utility-scale market this year.
