Idemitsu Renewables

Overview
Current-gen renewables?
Product stageSegments
Early
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Solar+Storage project developers and operators
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Idemitsu Renewables is a leading solar and energy storage developer and independent power producer in North America. The company acquires, develops, owns, and operates utility-scale solar power generation plants across the US. Idemitsu Renewables entered the US market in 2010 as Solar Frontier Americas and evolved into a utility-scale solar developer in 2015 through the acquisition of a robust solar pipeline platform.

Idemitsu Renewables develops its own solar projects and also purchases projects to own and operate. As of July 2022, the company had developed, constructed, and sold over hundreds of megawatts (MW) of utility-scale solar projects. Their capabilities span project origination, permitting, financing, construction, and operations.

In May 2022, Idemitsu Renewables achieved commercial operation for the 73 MW Luciana Solar Project in Tulare County, California. This project generates clean and affordable power equivalent to the needs of over 20,000 homes in Northern California. In June 2023, the company signed a long-term Power Purchase Agreement (PPA) with Sonoma Clean Power Authority to supply renewable energy, storage capacity, and related attributes from its 84 MWp solar and 38 MW/152 MWh battery energy storage project, known as Azalea, located in Kern County, expected to begin operations in 2025.

Key customers and partnerships

In June 2023, Idemitsu Renewables entered into a partnership with Sonoma Clean Power Authority, a not-for-profit community-based electricity provider for Sonoma and Mendocino counties in California. Under the terms of a long-term Power Purchase Agreement, Idemitsu Renewables will supply Sonoma Clean Power with renewable energy, storage capacity, and related attributes from its Azalea project, solidifying a commitment to reduce greenhouse gas emissions and transition toward a cleaner energy future.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Idemitsu Renewables 50 California St. Suite 820 San Francisco CA USA
Founded year:
2010
Employees:
11-50
IPO status:
Private
Total funding:
USD 61.0 mn
Last Funding:
USD 61.0 mn (Private Equity; Jul 2022)
Last valuation:
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Key competitors
 
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