Intersect Power have now been able to reach a commercial operation in Riverside County. This is in California and it looks like a lot of good things are going to happen as a result of this. The one thing to know about the Athos III solar project is that it is going to generate a lot of energy and it could even power up to 94,000 homes. The project has been built by Union Labour and it has utilised batteries, solar panels and US-made steel pipes. It's said that it is going to meet the domestic content as well as wage requirements that have been set out too. Sheldon Kimber has come out to call this project a case study in general, as to how clean energy is going to be maximised.
Sheldon Kimber has been featured on a podcast recently, called Factor This! he went on to try and talk about the general impact of the tariff petition as well as talking about how there is a clear need for an industrial policy. He is also going to talk about the Inflation Reduction Act and how this is going to come into the project in general. This project is major to say the least and it looks like the rest of the portfolio is going to be active in 2023. The funding to help launch the project was actually secured as part of the broader portfolio and this is going to be well financed too. It's said that things such as tax equity and financial commitments are going to come into play but at the end of the day things are looking incredibly positive and this is going to be a major movement for the renewable energy industry. Make sure you follow this story if you want to know more.