financetom
Business
financetom
/
Business
/
Power Corporation of Canada Unit, EDF Renewables North America's Desert Quartzite Operational
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Power Corporation of Canada Unit, EDF Renewables North America's Desert Quartzite Operational
Jan 31, 2025 1:12 PM

03:58 PM EST, 01/31/2025 (MT Newswires) -- Power Corporation of Canada's ( PWCDF ) Power Sustainable Energy Infrastructure unit and EDF Renewables North America said Friday afternoon their Desert Quartzite Solar+Storage Project became operational in December.

The 375-megawatt solar project, paired with a 150 MW energy storage system, supplies power to Clean Power Alliance under a 20-year agreement, the companies said.

Located in Riverside County, California, on federal land, the project stores solar energy in batteries during peak hours and releases it later to balance electricity demand. At full capacity, Desert Quartzite will power over 163,000 homes and prevent more than 669,000 metric tons of carbon emissions annually, supporting California's climate goals.

Price: 44.02, Change: +0.15, Percent Change: +0.34

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italy's Banca Progetto placed under court administration
Italy's Banca Progetto placed under court administration
Nov 2, 2024
* Measure stems from criminal probe which does not target bank * Prosecutors allege shortfalls in loan approval procedures * Oaktree, Centerbridge signed binding deal in September (Adds detail from Banca Progetto statement in paragraphs 2-3, 6-7; on deal in paragraphs 3-4) By Emilio Parodi MILAN, Oct 24 (Reuters) - Banca Progetto, a small Italian bank which investment firm Oaktree...
Global food giants deepen price cuts to tempt China's wary shoppers
Global food giants deepen price cuts to tempt China's wary shoppers
Nov 2, 2024
* China's shoppers shift towards locally-made products * Market is expected to remain weak * Demand for infant health foods resilient By Richa Naidu LONDON, Oct 24 (Reuters) - International companies such as Danone and Nestle have deepened price cuts or are seeking to boost online shopping volumes to win over China's increasingly reluctant customers, executives said. China's economy, the...
DTE Energy beats quarterly profit estimates, boosted by higher rates
DTE Energy beats quarterly profit estimates, boosted by higher rates
Nov 2, 2024
Oct 24 (Reuters) - Electric and gas utility DTE Energy ( DTE ) beat Wall Street estimates for third-quarter profit on Thursday, as higher supply rates and warmer weather helped performance of its electricity unit. Shares of the company gained 1% in premarket trading. On an adjusted basis, the Michigan-based company reported operating profit of $2.22 per share for the...
Alphabet, Anthropic Partnership Facing UK Regulator Probe
Alphabet, Anthropic Partnership Facing UK Regulator Probe
Nov 2, 2024
09:16 AM EDT, 10/24/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) partnership with artificial intelligence startup Anthropic is facing an investigation from the UK's Competition and Markets Authority as the partnership may result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002, the regulator said Thursday. The CMA intends to announce its phase...
Copyright 2023-2026 - www.financetom.com All Rights Reserved