NorthRenew Completes the Sale of its Arco Wind and Solar Project to Pacificorp

Source: www.gulfoilandgas.com 2/19/2024, Location: North America

NorthRenew Energy (“NorthRenew”) is pleased to announce today the sale of their Arco Wind and Solar project to PacifiCorp, the largest grid operator in the western United States serving customers in Oregon, Washington, California, Utah, Idaho, and Wyoming.

The Arco Wind and Solar project, located in Bingham and Bonneville counties of southeastern Idaho, is currently designed to have over 300 megawatts of combined wind, solar, and storage nameplate capacity and commence construction in 2025 with commercial operations planned for late 2026. The project envisions the opportunity to add an additional 800 megawatts of solar capacity. This transaction represents a major accomplishment for NorthRenew’s development efforts in Idaho and an important milestone for the project, which is expected to enhance PacifiCorp’s diverse mix of generating resources across its six-state system and also provide various benefits to the local communities and its landowner hosts. This transaction represents NorthRenew’s ninth project sale since the company’s inception in 2017.

Garth Klimchuk, NorthRenew’s Founder and Managing Partner stated, “We are extremely pleased to complete this transaction with one of the largest utility companies in North America, and to be working closely with their team to advance Arco to construction.”


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