Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has sold its 100MW Deer Creek Renewable Energy project to an unnamed Fortune 500 energy company.

Deer Creek Renewable Energy is a solar and storage project located on 378 acres in Tulare County, California with a potential generating capacity of up to 50MWac solar and up to 50MW of energy storage capacity.

Mark Rostafin, co-chief executive at Vesper Energy, said: "We are excited about the sale of the Deer Creek Renewable Energy project, which showcases Vesper Energy's strong growth and development portfolio in key renewable energy markets like California.

"We look forward to building on this momentum as we enter a new phase of growth."

The Deer Creek Renewable Energy project sale supports Vesper's mission to use technology and strategic partnerships to advance clean energy infrastructure across the US.

Vesper Energy has two additional projects currently in development in Tulare County, underscoring the organisation's commitment to the area's clean energy transition and alignment to California's goal to establish 100% zero-carbon energy planning by 2045.

Vesper Energy's development pipeline in California represents approximately 1750MW of solar and energy storage projects.