Diode Ventures announces financial close of utility-scale solar farm in Texas

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Grizzly Ridge is the one of many new developments being installed in Texas. Image: Lightsource BP.

Diode Ventures has announced financial close of its Grizzly Ridge Solar Project, a utility-scale solar project with 138MWdc capacity which will serve the ERCOT North Zone in Texas.

The site is shovel-ready, and the transmission grid will undergo an upgrade from 69kV to 138kV as a response to the project. Diode is also in discussions to add an on-site battery energy storage system to the project.

Located in Hamilton Country, Texas the project was co-developed with RKB Energy and has an interconnection agreement with Brazos Electric Cooperative, a transmission service provider.

It is an “exciting development in a region of the country that continues to see significant demand growth,” said Paul Ksiazek, senior project director with Diode. “The environmental, economic and local tax benefits are noteworthy,” he added.

It is the latest development in what has been a strong quarter for the Lone Star State, with a recently published Solar Energies Industry Association (SEIA) report showing the state added 1.4GWdc of capacity in Q1, by far the largest of any US state.

“In Texas, we are seeing more resilient infrastructure development on the horizon to support large-scale energy generation from both renewable and non-renewable sources,” said Brad Hardin, president of Diode.

Diode Ventures is a wholly owned subsidiary of Black & Veatch, a global engineering firm present in more than 100 countries.

Read Next

July 21, 2021
A round-up of the latest stories from the US solar market, featuring news of EPC Signal Energy and tracker provider Nextracker being selected for a 728MW solar portfolio in Texas and California, and Longroad Energy completing a financing package for its 200MWdc solar project in Arizona.
June 15, 2021
The US installed more than 5GWdc of solar capacity in Q1 2021, taking its cumulative capacity past the 100GW barrier, but supply chain constraints could pose a major barrier to further growth.
June 7, 2021
Duke Energy Sustainable Solutions has announced that construction has started on its 250MW Pisgah Ridge solar project in Navarro County, Texas.
June 1, 2021
BP has secured an agreement to acquire 9GW of US solar projects from developer 7X Energy, a deal it says represents “a significant step” towards the company’s target of growing its net developed renewables capacity to 20GW by 2025.
May 24, 2021
The construction of two US solar projects totalling 600MW, including one paired with 50MW of energy storage, has started this month, developer Hecate Energy has announced.
May 17, 2021
California could be at risk of energy shortfalls this summer because of above-normal temperatures impacting solar output, the North American Electric Reliability Corporation (NERC) has warned.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK