Permanent Power Company signs long-term PPA for Grape project capacity
Type: Ppa · Technology: Hybrid · Country: United States · Capacity: 246 MW · Announced: 2026-05-18
Permanent Power Company signed a long-term Power Purchase Agreement (PPA) with an investment-grade, regulated energy service provider for the full capacity of its Grape project. This agreement covers 246 MW of solar PV and 150 MW / 600 MWh of battery storage, ensuring a stable revenue stream for the project. The Grape project is part of the Westlands Solar Park in California’s San Joaquin Valley, contributing to Permanent Power Company's operational portfolio. This PPA underscores the platform's momentum and its ability to deliver power at material scale to its clients.
Analysis
Permanent Power Company announced a long-term Power Purchase Agreement (PPA) for the full capacity of its Grape project, comprising 246 MW of solar PV and 150 MW / 600 MWh of battery storage, with an investment-grade, regulated energy service provider in the United States. The Grape project is located within the Westlands Solar Park in California’s San Joaquin Valley. CIM Group, a real assets manager, is the parent company of Permanent Power Company. This PPA covers the entire capacity of the Grape project.
Key points
- PPA announced on 2026-05-18
- 246 MW solar PV capacity
- 150 MW / 600 MWh battery storage capacity
- Located in California’s San Joaquin Valley
- Counterparty is an investment-grade, regulated energy service provider
Counterparties
- CIM Group (Parent Company)
- Permanent Power Company (Developer)