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Innergex Renewable Energy has acquired a 315 MW DC solar project
in Winkler County, Texas, from Longroad Energy Partners, LLC.
A full construction notice was issued last week and commercial operations
should be achieved in the third quarter of 2019.
The non-recourse construction of the project, the financial settlement of term debt and tax equity financing have also been reached
.
Innergex's President and CEO said, "We are very much looking forward to achieving a breakthrough
on our largest solar project to date.
I am confident that our experience and expertise in developing and managing renewable energy projects will ensure the successful completion of the Phoebe project and demonstrate our commitment to developing our diversified asset portfolio
.
" ”
He added, "With this acquisition, we are able to provide peak renewable energy to the ERCOT market, complement wind energy production, and diversify
our footprint in the state.
" This acquisition brings us closer to exceeding our goal of achieving a net 2,000 MW by 2020, and we intend to continue to pursue development and acquisition opportunities for high-quality renewable energy assets to further create value
for our stakeholders.
" ”
:/, please indicate the source for reprinting)
Innergex Renewable Energy has acquired a 315 MW DC solar project
in Winkler County, Texas, from Longroad Energy Partners, LLC.
A full construction notice was issued last week and commercial operations
should be achieved in the third quarter of 2019.
The non-recourse construction of the project, the financial settlement of term debt and tax equity financing have also been reached
.
Innergex's President and CEO said, "We are very much looking forward to achieving a breakthrough
on our largest solar project to date.
I am confident that our experience and expertise in developing and managing renewable energy projects will ensure the successful completion of the Phoebe project and demonstrate our commitment to developing our diversified asset portfolio
.
" ”
He added, "With this acquisition, we are able to provide peak renewable energy to the ERCOT market, complement wind energy production, and diversify
our footprint in the state.
" This acquisition brings us closer to exceeding our goal of achieving a net 2,000 MW by 2020, and we intend to continue to pursue development and acquisition opportunities for high-quality renewable energy assets to further create value
for our stakeholders.
" ”
:/, please indicate the source for reprinting)
/
