California Gets Solar Boost With 160 MW Sacramento Project

D.E. Shaw Renewable Investments (DESRI) has acquired the 160 MW-ac Rancho Seco Solar II project, located in Sacramento County, California. The project, initially developed by Lendlease, an international property and infrastructure group, has a 30-year Power Purchase Agreement in place with the Sacramento Municipal Utility District (SMUD) and will be built on the site of a decommissioned nuclear power plant. Construction on Rancho Seco Solar II began last year and the project is expected to be the largest solar facility in Sacramento County upon completion. According to DESRI, this partnership will allow Sacramento to continue to provide clean and cost-efficient green energy to its residents and businesses. Sacramento is no stranger to clean energy. In 2018, Nestlé Waters North America announced that its facility in Sacramento will be powered by 100% renewable energy.