Lydian Energy has acquired the 1.5 GW Atlas North solar-plus-storage portfolio from Hanwha Renewables
The portfolio includes over 1 GW of solar and 450 MW/1,800 MWh of battery storage capacity
Most of the electricity output is contracted under long-term deals with California buyers
Lydian Energy, the US-based independent power producer (IPP), has acquired the 1.5 GW Atlas North Solar and Battery Storage portfolio from Hanwha Renewables. The Excelsior Energy Capital-backed company calls this its largest investment to date.
The Atlas North portfolio includes more than 1 GW of solar generation capacity along with 450 MW/1,800 MWh of battery energy storage system (BESS) across 4 late-stage projects in North America.
It says the projects are designed to connect to the California grid of CAISO through existing transmission infrastructure, including a 500 kV generation-tie line.
Most of the electricity and capacity from the portfolio has already been secured under long-term agreements with California load-serving entities. This will support grid reliability and clean energy supply in the region.
Lydian said the acquisition strengthens its growing pipeline of solar and storage projects, which now totals 4.4 GW spread across 18 projects.
“We remain deeply committed to the continued development of clean energy in the U.S., particularly solar and battery storage, which are proven and reliable sources,” said Chris Moakley, Co-Founder and Managing Partner at Excelsior Energy Capital and Chair of the Board at Lydian Energy.
Excelsior launched Lydian Energy in 2024 with a 1.75 GW portfolio (see New Entrant To US Utility-Scale Solar & Storage Market).
Earlier this year, in February 2026, Lydian raised $689 million in financing for its solar and storage portfolio. It comprises the 100 MW DC/75 MW AC Ranch 1 in New Mexico, the 210 MW DC/170 MW AC Yello Viking solar project in Texas, and the 150 MW/733 MWh Faraday BESS Phase I facility in Utah (see North America Solar PV News Snippets).
