Belltown Completes Development & Sale of 750 MW Solar Projects in 2020
- Belltown Power Texas, a leading programmer of utility-scale solar projects, has finished the growth and sale of 5 projects adding up to 750 MW throughout the training course of 2020, which brings the total Belltown track record to 930MW.
Belltown concentrates on greenfield advancement of projects, starting with site recognition as well as browsing interconnection, property, allowing, environmental, tax obligation and all other development products to bring these projects to ready-to-build.
Early in the year, Belltown closed on a purchase with an investment companion for a portfolio of 3 got projects completing 330MW in the ERCOT North Area, including ~ 250MW of busbar offtake with Rayburn Country Electric Cooperative, Inc. and an ~ 80MW north-hub cleared up offtake with Vistra Corp. Belltown remained to sustain these projects through COD-- 2 facilities are already on the internet as well as the third one is expected to be put in service in the next two months. "We are really proud of this transaction that exhibits the capability of our business to bring projects from greenfield all the way to operations," claimed Lloyd Pope, President of Belltown Power Texas.
Following this successful closing, Belltown worked exclusively with a huge critical investor on the sale of a ~ 360 MW project in Denton County, finishing the purchase in August. Later on in the year, Belltown joined Adapture Renewables, Inc. to deal with the sale of a 65 MW project in Hunt County (Adapture Renewables as the buyer), got with another busbar PPA with Rayburn Country Electric Cooperative.
Together with a 180 MW project in Falls County sold in 2019 to a subsidiary of Ecoplexus, Inc., the 2020 deals bring the total performance history of projects that Belltown established and also marketed to 930MW. "Belltown has come a long way because creation in 2017, building a strong team that has verified its ability to recognize, develop, and also transact on solar projects in ERCOT; approaching 1GW is a landmark that motivates us to continue pursuing quality in our development tasks," added Lloyd Pope.
As we start 2021, Belltown is presently servicing the sale of an additional ~ 870 MW of projects, every one of which are anticipated to close in the very first fifty percent of this year.
Belltown Power Texas remains to be a leader in the North ERCOT market with a strong track record of delivering quality projects from greenfield via to ready-to-build. Belltown has a big and expanding pipe of extra projects and also is proud to add to the de-carbonization of the power matrix in ERCOT.