Once operational, SunEdison yieldco TerraForm Power expects to acquire the storage projects.
TerraForm chief executive Carlos Domenech says the deal will allow it to add a new asset type that “provides both attractive returns and strong growth prospects.”
SCE awarded the storage system contracts to AMS as part of the utility’s 2013 Local Capacity Requirement solicitation. They will be located on commercial and industrial customer sites throughout the West Los Angeles Basin.
SCE
