Hecate Energy Sells 2,000 MW Cereza Project, Boosting $686M Backlog
Hecate Energy closed sale of its up to 2,000 MW Cereza solar and storage project at the DOE’s Hanford Site to Savion, adding to its track record of over 12 GW of projects sold. The deal boosts Hecate’s revenue backlog to over $686 million and highlights its execution expertise.
1. Sale of Cereza Solar and Storage Project
Hecate Energy closed the sale of its up to 2,000 MW Cereza solar and storage project at the DOE’s Hanford Site to Savion. Under the terms, Savion will lead development with Hecate providing support through completion.
2. Strengthened Revenue Backlog
This transaction adds to Hecate’s record of over 12 GW of projects sold to third parties, boosting its contracted revenue backlog to over $686 million. The deal reflects the scale and quality of Hecate’s development pipeline.
3. SPAC Business Combination
Hecate is set to become a public company through a merger with EGH Acquisition Corp, with shares to trade under the symbol HCTE. Completion of the business combination will follow shareholder approval and regulatory clearance.