LS Power has struck a deal to acquire the remaining equity interests in REV Renewables from SK Innovation that it does not already own.

This was disclosed in a Section 203 filing of the Federal Power Act seeking expedited FERC approval of the transaction on or before October 21.

NPM had reported in March that SK, a South Korean conglomerate, was exploring a sell-down of its US clean energy positions. SK E&S had announced in October 2021 that it was investing up to USD 400m in REV.

Transaction counsel for LS Power and REV is McDermott Will & Schulte.

The regulatory filing also contained deals of certain REV projects which reached exempt wholesale generator (EWG) and thus were subject to the 203 review:

Bath County-Owns a 23.75% interest in 3,015.1 MW Bath County Pumped Storage Station in Bath County, Virginia

Capon Bridge-20 MW solar PV in Hampshire County, West Virginia within PJM West sub-market of PJM

Diablo-200 MW battery energy storage systems in Pittsburg, California, within CAISO

Gateway-250 MW BESS in San Diego, California within CAISO

Helix Maine Wind-132 MW onshore wind facility in Kibby and Skinner Townships, Maine

Jade Meadow-19.8 MW solar PV facility in Allegany County, Maryland within the PJM sub-market of PJM

LeConte-125 MW BESS in Imperial County, California within CAISO

Pavant-50 MW solar PV facility in Filmore, Utah within the PacifiCorp East balancing area authority (BAA)

Seneca-463.4 MW pumped hydroelectric storage facility in Warren, Pennsylvania at the US Army Corps of Engineers Kinzua Dam on the Allegheny River, within the PJM West sub-market of the PJM market

Tumbleweed-125 MW BESS in Kern County, California and related infrastructure

Vista-40 MW BESS in Vista, California within CAISO

Yards Creek-415.4 MW licensed hydroelectric facility—Yards Creek Pumped Storage–in Warren County, New Jersey within the PJM East sub-market of PJM

*This story was originally published exclusively for NPM subscribers.

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