May 19 (Renewables Now) - Investment manager Quinbrook Infrastructure Partners has launched a new portfolio company that will focus on distributed and utility-scale solar photovoltaic (PV) and battery storage projects across North America.
Named Primergy Solar LLC, the new business is to acquire, develop and operate solar-plus-storage projects and operational assets as both the primary sponsor and in a joint venture with its project development partners, Quinbrook said.
Primergy will manage the 690-MW Gemini solar-plus-storage project in Clark County, Nevada, which was recently issued the final Record of Decision by the Bureau of Land Management (BLM) and the US Department of the Interior (DOI).
The US-1.1-billion (EUR 1.0bn) mega-project will feature 380 MW/1,400 MWh of battery storage and over 2.5 million solar modules. Once the facilities go online, Gemini’s output will be sold to local utility NV Energy under a 25-year power purchase agreement (PPA).
Primergy is helmed by industry veteran Ty Daul as the newly appointed CEO. Daul arrived from Recurrent Energy LLC, the US renewables developer wholly-owned by Canadian Solar Inc (NASDAQ:CSIQ), where he served as president.
Tim Larrison has been appointed chief financial officer (CFO) , a position he filled at Engie Storage Services NA LLC before joining Primergy.
Adam Larner has been named chief operating officer (COO), moving from the role of senior director of Primergy.
(USD 1.0 = EUR 0.913)