Chrysalis Renewables LP has acquired two solar projects in La Paz, Arizona — Atlas V and Atlas VI — with a combined capacity of approximately 357 megawatts (MWdc), marking the first transaction under its strategic partnership with Hanwha Renewables LLC.
According to Renewables Now, the two projects represent the initial phases of the multi-stage Atlas Energy Park development, which Chrysalis described as one of the largest renewable energy developments in the United States.
Both projects are in the final stages of commissioning and are contracted under 15-year power purchase agreements with Southern California Edison, with commercial operations expected within the next few months.
The acquisition brings Chrysalis’ total generation capacity to approximately 700 megawatts (MW). Hanwha affiliates supported the full lifecycle of both projects, with Qcells supplying U.S.-manufactured modules from its Georgia factory and providing engineering, procurement, and construction (EPC) services.
“The acquisition of the Atlas projects marks an important milestone for Chrysalis, increasing its generation capacity to approximately 700 MW while significantly expanding its regional footprint. The transaction also advances Chrysalis’ portfolio diversification strategy by adding a generation profile that complements its existing assets,” said Gordon Hay, partner at infrastructure manager Morrison, which set up Chrysalis as its renewables investment platform.
Earlier this year, Chrysalis and Hanwha Renewables formed a partnership targeting more than 3.5 gigawatts (GW) of solar and battery energy storage projects across North America, with potential expansion into international markets over time.
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