Danish renewables developer European Vitality (EE) has accomplished the sale of its largest photo voltaic farm within the US up to now.
Copenhagen-based European Vitality mentioned it bought the photo voltaic farm to an undisclosed purchaser in order that it will probably develop, ship, and recycle capital into new US renewable vitality tasks. EE develops photo voltaic, onshore and offshore wind, power-to-X, and battery storage tasks. It arrived within the US in 2021 and has an workplace in Austin.
Lorena Ciciriello, chief government of EE North America, mentioned, “Our objective within the US is to create a broad portfolio of renewable vitality options, and this sale is a vital step in realizing our technique.”
It’s the Danish developer’s “second main divestment” within the US since European Vitality entered the photo voltaic market in 2021, bringing the full capability divested to 800 MW. The corporate bought its first US photo voltaic farm, Yellow Viking in Texas, in 2023.
When absolutely operational, the nonetheless unnamed photo voltaic farm – EE doesn’t say the place within the US it’s positioned, both – is anticipated to supply round 1,389 GWh of electrical energy yearly, equal to the annual consumption of 128,000 US households.
“We stay dedicated to growing renewable vitality tasks within the USA that drive native progress and create jobs,” mentioned Thorvald Spanggaard, EVP and head of undertaking improvement at European Vitality.
Electrek’s Take
This announcement, which is gentle on particulars, piqued my curiosity. It’s a big photo voltaic farm bought by a big European-HQ’ed international firm that claims it’s dedicated to growing extra renewables within the US, which is presently being run by a authorities that doesn’t take into account photo voltaic or wind to be outlined as vitality. What’s the inducement for EE to try this? It certain isn’t federal tax incentives.
What’s coming down the pipeline for renewable tasks within the US? Everyone seems to be speculating, however nobody is aware of – not even Republicans, regardless of the dangers of renewable undertaking collapses being highest in their very own states. I’ll make an informed guess and say that EE will sit on its sale proceeds and watch for readability, which they could by no means get. That’s as a result of the Trump administration memos and government orders are intentionally designed to be imprecise. Chaos is a type of management.
Learn extra: Republican districts lose billions as clear vitality cancellations surge
Now is a superb time to start your photo voltaic journey so your system is put in in time for these sunny spring days. If you wish to ensure you discover a trusted, dependable photo voltaic installer close to you that gives aggressive pricing, take a look at EnergySage, a free service that makes it simple so that you can go photo voltaic. They’ve a whole bunch of pre-vetted photo voltaic installers competing for what you are promoting, guaranteeing you get high-quality options and save 20 to 30% in comparison with going it alone. Plus, it’s free to make use of and also you received’t get gross sales calls till you choose an installer and share your cellphone quantity with them.
Your personalised photo voltaic quotes are simple to check on-line and also you’ll get entry to unbiased Vitality Advisors that can assist you each step of the best way. Get began right here. –trusted affiliate associate
FTC: We use earnings incomes auto affiliate hyperlinks. Extra.
