Lydian Energy Acquires 1.5 GW Atlas North Solar and Storage Portfolio
Lydian Energy has acquired Hanwha Renewables’ Atlas North portfolio, a roughly 1.5 GW solar and battery energy storage system (BESS) platform, positioning the firm to expand its footprint in large-scale renewable infrastructure across North America.
The portfolio includes four late-stage projects totaling more than 1,000 MW of solar generation capacity and 450 MW / 1,800 MWh of battery storage, making it one of the largest solar-plus-storage developments in the region. The assets are supported by a 500 kV generation-tie transmission line connecting to the CAISO grid via the Cielo Azul Switchyard and Ten West Link transmission infrastructure.
Importantly, the majority of electricity and capacity from Atlas North is secured under long-term offtake agreements with California load-serving entities, providing visibility into future cash flows and supporting project financing.
“Atlas North represents Lydian’s largest investment to date. We are excited to build on our momentum as a firm and bring this ambitious project to life,” said Emre Ersenkal, CEO of Lydian Energy. “The Atlas North facilities will bring much needed renewable power to the region.”
The acquisition significantly scales Lydian’s development pipeline and complements its existing portfolio of 18 solar and storage projects totaling approximately 4.4 GW of capacity.
The company is backed by clean energy investor Excelsior Energy Capital.