2 minute read | November.15.2023
Intersect Power has announced the commercial operation of its Oberon Solar + Storage project in southern California, which will generate enough energy to power more than 207,000 homes a year.
Orrick was lead counsel for Intersect Power.
The Oberon project aligns with the priorities of the Inflation Reduction Act (IRA) by using American-made equipment and paying prevailing wages, the company said.
“The Oberon project is much more than a new source of clean power for California. It is also a case study in how the clean energy industry can maximize project benefits by prioritizing domestic supply chains and union labor to ensure the rewards of the clean energy transition are felt by all Americans,” said Intersect Power CEO Sheldon Kimber.
“This project demonstrates that Intersect continues to pioneer procurement standards for our industry that live up to the vision of the IRA and deliver transformative clean energy projects that move the needle on the deep decarbonization of our economy.”
Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in global energy markets. It develops, owns and operates some of the world’s largest clean energy resources, providing low-carbon electricity, fuels and related products to customers for U.S. consumption and international export.
Founded in 2016, Intersect Power is laser-focused on scalable, transformative clean energy projects that move the needle on deep decarbonization and redefine the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy.
The Oberon project – in Riverside County, California – generates 679 MWp/500 MWac of reliable solar energy and features 250 MW/1 GWh of co-located storage.
The project used solar modules from Ohio and American-made structural steel. More than 930 skilled union jobs were created at peak construction.
Orrick represented Intersect in the tax equity, hedge and debt financings associated with the achievement of this milestone. The team members included Louise Gibbons, Tom Glascock, Giji John, Chris Moore, Amy Padgett, Helen Aki, Sara Forden, Molly Jergenson, Lisa Magged, Seth Norris, and Diana Tarrazo.