June 16, 2025
California Energy Commission approves world’s largest battery storage project by Intersect Power
The 4,600 MWh Darden Clean Energy Project battery system, paired with a 1,150 MW solar facility, marks a milestone in California’s market.
California ISO (CAISO)
June 4, 2025
CAISO battery storage growth expected to slow amid 49-percent revenue drop
California, by far the nation’s largest market for battery storage, is expected to see project growth fall over the next four years, with other Western states posting stronger numbers, a new report shows.
June 1, 2025
Swiss-based investor Partners Group cleared to acquire 2.2 GW of power, storage assets in California
The transaction involves the transfer of ownership of various natural gas-fired power plants, battery storage systems, and power marketing entities.
May 22, 2025
Blackstone’s CalGrid urges FERC approval of incentive rates for $4B offshore wind transmission projects
CalGrid asks FERC to expedite its decision on rate incentives crucial for mitigating risks for two California transmission projects designed to integrate floating offshore wind projects.
May 22, 2025
Hedge fund Jain Global cleared to acquire California-based energy marketer Anahau Energy
The acquisition follows the launch of the Jain Global hedge fund last year, in which it raised $5.3 billion from investors.
May 16, 2025
J. Aron’s Aron Energy Prepay 36 seeks broader sales authority after inadvertent Northwest sales
FERC authorization is requested for sales in the Northwest, CAISO, and BANC markets, rectifying inadvertent sales outside current tariff regions.
May 12, 2025
SW Weekly Power Project & PPA Roundup – Hanwha Corp., Ørsted A/S
SparkWire’s Power Project & PPA Roundup, compiling in-service dates and power purchase agreements for renewable and fossil generators, for the week-ended May 9.
May 8, 2025
CAISO predicts ample summer power, but weather remains a wild card
Larger capacity reserves and over 11 GW of battery storage resources are putting the California grid manager on stronger footing as it faces a warmer-than-normal summer.
May 6, 2025
Bank of America unit cleared to acquire larger stake in GenOn
BofA’s acquisition makes it a top GenOn owner, alongside distressed debt and private equity investor Strategic Value Partners and investment management firm MacKay Shields.
May 6, 2025
Goldman Sachs unit gains U.S. approval to acquire California retail electric provider from Shell
The purchase advances the Texas-based retail electric service provider’s plans to expand into other markets.
May 6, 2025
Repsol set to buy remaining stake in Hecate Energy as part of U.S. expansion
The deal strengthens Repsol’s position in California’s energy storage market and moves it closer to its goal of reaching over 2 GW of U.S. assets by 2025.
May 5, 2025
SW Weekly Power Project & PPA Roundup – ArcLight Capital Partners, Origis Energy
SparkWire’s Power Project & PPA Roundup, tracking renewable and fossil generator project updates and PPA terms filed with FERC for the week-ended May 2.
April 18, 2025
Project & PPA Roundup – Orsted, Terra-Gen
SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended April 18.
April 14, 2025
Project & PPA Roundup – NextEra, National Grid
SparkWire’s Project & PPA Roundup, tracking project details, updates and PPA terms filed with FERC for the week-ended April 11.
April 4, 2025
Billionaire-led Avenue Capital seeks to sell 2.2 GW of California power and storage assets to Swiss-based investor
The deal for gas-fired and storage assets would mark a significant expansion for Partners Group Holding’s CAISO portfolio.
April 3, 2025
Blackstone acquires CAISO Path 15 transmission rights from Duke
The Path 15 Project upgrades an 84-mile, 500 kV transmission line connecting northern and southern California.
March 24, 2025
Project Round Up: Eni SpA, Idemitsu Renewables Americas, NextEra Energy, Ormat Technologies
This week’s project roundup features updates and details for development assets by Eni SpA, Idemitsu Renewables Americas Inc., NextEra Energy Inc., Ormat Technologies Inc., and others.
March 5, 2025
Repsol seeks full ownership of Hecate Energy as part of U.S. expansion
Repsol North America is seeking FERC approval to acquire 100% ownership of Hecate Energy and its four California-based battery storage facilities.
December 10, 2024
Billionaire investors approved to acquire peaker gas plant in Massachusetts
The acquisition expands investors’ generation portfolio spanning Massachusetts and New York.