Avantus Signs Power Purchase Agreement (PPA) with Arizona Public Service (APS) for Kitt Solar Project [Yahoo! Finance]
Pinnacle West Capital Corporation (PNW)
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Source: Yahoo! Finance
EL DORADO HILLS, Calif., December 09, 2024 BUSINESS WIRE )--Today, Avantus announced the signing of a power purchase agreement with Arizona Public Service (APS) for the Kitt Solar Project. This agreement marks another major milestone in Avantus' presence in Arizona and the continued growth of solar and energy storage in the state. Located in Pinal County, Arizona within the City of Eloy, the Kitt Solar Project features 100 MWac/130 MWdc of solar and 400 MWh of energy storage. Avantus will complete development and start construction of the project in 2025, with operations expected to begin in 2026. "Avantus' agreement with APS will expand the availability of clean and reliable energy in Arizona and is a testament to our leadership in developing high-quality renewable energy projects," said Avantus Chief Executive Officer Cliff Graham. "The Kitt Solar Project will not only deliver clean solar energy and offset carbon emissions but will provide much needed energy storage capacity to m
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PNW
Earnings
- 11/6/24 - Beat
PNW
Sec Filings
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- 11/13/24 - Form SC
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