Canada's Kruger markets 523 MW people solar projects to Ecoplexus

Sep 7, 2020 06:17 PM ET

The renewables arm of Canadian tissue products maker Kruger Inc has actually unloaded a 523-MW mid-stage solar advancement portfolio in the US to local firm Ecoplexus Inc

Canada's Kruger markets 523 MW people solar projects to Ecoplexus — Image: Ecoplexus Inc

The bargain was revealed by the purchaser last week but monetary information were not offered. According to the press launch, released on Wednesday, the details portfolio lies in the states of Georgia and also Tennessee as well as includes 5 separate projects. All power plants in the package are planned to be activated in 2022 as well as 2023.

The events have concurred that renewables programmer and independent power producer (IPP) Ecoplexus will proceed developing the 5 projects.

Currently, Kruger Energy takes care of and also runs 542 MW of power assets in North America, including wind, solar, hydroelectric, biomass cogeneration plants and also power storage facilities.

CohnReznick Capital was Kruger Energy's special monetary expert in the deal.

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