Copia Power is constructing a $1.2 billion solar project on 14,000 acres west of Phoenix. Funding was secured with the help of Crédit Agricole CIB, BNP Paribas, Natixis CIB, and SMBC. Copia is backed by The Carlyle Group, who has committed more than $700 million in equity to the platform to date.

The project is slated for the Harquahala Valley, 60 miles west of Phoenix, and when complete will produce 450MW of solar generation. It will also include 300MW/1200 MWh of battery energy storage. This is enough energy to power 500,000 homes. Over 700 jobs will be created during construction.

The first phase is expected to be completed early next year. SOLV Energy will build the project.

The project’s energy output is in demand due to commitments nearby large energy users have made to utilize renewable energy. Copia Power is actively developing more than 17 GW of solar and storage projects across the U.S. 

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