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UTILITY · MONTEREY, CA, USA
California community choice aggregator with a resource-adequacy contract for Willow Rock. 3cenergy.org
Projects
1
0 operating
Buys from
1
500 MW of capacity
Funds
0
projects with its money
Money in
—
project-specific, disclosed
Builds
0
as developer
Coming up
POLICY45Y / 48E: all other clean power and storage
Full credit for projects beginning construction through 2033; 75% for 2034 starts, 50% for 2035, none from 2036. Affects Willow Rock Energy Storage Center.
+ THESISPROJECT · WILLOW ROCK ENERGY STORAGE CENTERGroundbreaking (planned mid-2026)
Rosamond, Kern County, CA
utilitydive.com →+ THESISLICENSING · WILLOW ROCK ENERGY STORAGE CENTERCalifornia Energy Commission final license
Rosamond, Kern County, CA
utilitydive.com →+ THESISFUNDING · WILLOW ROCK ENERGY STORAGE CENTEREquity: Goldman Sachs Asset Management; CPP Investments$300M
Closed · Company-level backing (over $300M) plus committed project equity
energy-storage.news →+ THESISFUNDING · WILLOW ROCK ENERGY STORAGE CENTERDOE loan: DOE Loan Programs Office$1.8B
Under review · Conditional commitment for a loan guarantee; placed under review after the Jan 2025 change of administration
energy-storage.news →+ THESISPROJECT · WILLOW ROCK ENERGY STORAGE CENTERDOE conditional commitment up to $1.76B
Rosamond, Kern County, CA
energy-storage.news →+ THESISRecent
Coming up
No dates announced.
Developers it backs
Places
STEP 2/4 · AT RISK Willow Rock's $1.76B conditional loan in limboThe project is permitted but its federal loan guarantee is still under review.
Policy that applies