Hecate Energy Group LLC has closed on the sale of its up to 2-gigawatt (GW) Cereza solar and storage project at the Department of Energy (DOE)’s Hanford Site to Savion, a Shell Plc portfolio company.
The move advances Hecate’s strategy of developing and monetizing complex, large-scale energy campuses.
The company secured the rights to develop the project in 2024; under the terms of the sale, Savion will lead development with Hecate’s support.
The site is the latest to join its portfolio of sold projects, which currently exceeds 12 GW. It also adds to a revenue backlog of more than $686 million – pointing to the scale and quality of the company’s development pipeline.
“The sale of Cereza demonstrates once again Hecate’s ability to develop and monetize large-scale, complex energy campus projects,” said Chris Bullinger, President and CEO of Hecate Energy, in a statement.
The sale reflects Hecate’s ability to cater to industrial and data center customers through its execution practices and technology-agnostic approach.
Bullinger continued, “It’s another example of our proven development engine at work, delivering projects that meet the evolving energy needs of U.S. industry and digital infrastructure. It also strengthens our track record to more than 12 GW of projects sold to third-party buyers and reinforces the hundreds of millions in revenue backlog that support our continued growth.”
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