Clearway Closes Financing and Begins Construction on Utility-Scale Battery Storage Facility

Rosamond Central BESS, located in Kern County, California, will be paired with an operating solar farm and provide 4 hours of clean, dispatchable energy during peak demand hours each day

SAN FRANCISCO – Clearway Energy Group (“Clearway”), announced today that it closed $421 million in financing on Rosamond Central Battery Energy Storage System (“BESS”), a 147 MW/588 MWh capacity battery storage facility being paired with the operating 192 MW Rosamond Central solar farm in Kern County, California. Construction on Rosamond Central BESS began in April 2023 and the facility is expected to reach commercial operation in 2024.

In connection with the construction of Rosamond Central BESS, Clearway assembled a bank consortium comprising NordLB as the Coordinating Lead Arranger, with CoBank, Commerzbank, DNB, Societe Generale, and Zions Capital Markets as Joint Lead Arrangers. Clearway also closed cash equity with climate investment firm HASI (NYSE: HASI) and Clearway Energy, Inc. (NYSE: CWEN) and arranged committed tax equity investments.

The Rosamond Central BESS project is expected to create 50 construction jobs and, once fully operational, can enhance grid reliability during peak demand by dispatching solar-generated electricity.

“Scaling up battery storage is the crucial next step for California’s clean energy transition,” said Steve Ryder, Chief Financial Officer of Clearway Energy Group.“With the successful financing of Rosamond Central BESS, we’re excited to play a role in helping ensure that California’s grid remains reliable and resilient for homes and businesses.”

Southern California Edison (“SCE”) will purchase the energy storage capacity under a long-term resource adequacy (“RA”) contract.

Battery storage systems for the project will be supplied by Wärtsilä and construction is being led by Rosendin.

Back to All Press Releases

About Clearway Energy Group

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and battery energy storage assets, and over 2.4 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s fleet of emissions-free assets generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.