CIP getting 350-MW solar project in Texas
- An associate of Denmark's Copenhagen Infrastructure Partners P/S has actually consented to get a 350-MW solar photovoltaic (PV) project in Texas for an unrevealed amount.
The Danish fund supervisor will certainly buy the rate of interests of renewable resource company Plus Renewable Technologies Ltd as well as privately-held financial investment holding firm Avondale Solar LLC. The companions are establishing the supposed Fighting Jays Solar project via their associate AP Solar Holdings LLC, they claimed in a joint declaration recently.
To be situated in Fort Bend County, the solar ranch will certainly be mounted near the Houston city location, within the Electric Reliability Council of Texas (ERCOT) market. Its building and construction is slated to start in the 2nd fifty percent of this year, with appointing to be held by the summertime of 2022.
The project has a straight existing (DC) capability of 440 MW.
CIP, which has nearly EUR 8 billion (USD 8.56 bn) of funds under administration, purchases utility-scale sustainable properties throughout North America, Western Europe and also Asia Pacific. In 2014, it bought the 162.2-MW Bearkat II onshore wind ranch in Texas.
