Hecate Energy Advances Growth Strategy with Sale of up to 2-Gigawatt Cereza Solar and Storage Project

Core Insights - Hecate Energy Group LLC has successfully closed the sale of its Cereza solar and storage project, which has a capacity of up to 2,000 MW, to Savion, aligning with its strategy to develop and monetize large-scale energy campuses [1][4] Group 1: Sale Details - The Cereza project, located at the DOE's Hanford Site, was secured by Hecate in 2024 and is a utility-scale solar and storage facility of up to 2 GW [3] - Savion will lead the development of the Cereza project with support from Hecate [3] Group 2: Company Performance - The sale of Cereza adds to Hecate's portfolio, which now exceeds 12 GW of projects sold, and contributes to a revenue backlog of over $686 million [4][2] - Hecate has developed and sold more than 12 GW of power plant and storage projects, showcasing its execution expertise and market leadership [5][4] Group 3: Company Background - Hecate Energy, founded in 2012, is a leading U.S. developer of utility-scale energy parks with a diversified portfolio that includes solar, battery storage, wind, and thermal generation [5] - The company has an active development pipeline of over 47 GW of power projects, representing over $6 billion in energy investments [6]