Cordelio Power gets 900MW eastern US solar pipe
- Independent power producer (IPP) Cordelio Power has protected a 900MWac pipeline of solar projects in New york city and also Pennsylvania from project programmer SunEast Renewables.
Projects comprising the portfolio are generally located in New York, Cordelio claimed, with more than 600MWac backed by 20-year agreements with the New York State Energy Research Authority (NYSERDA).
Under the regards to the agreement, SunEast is to collaborate with Cordelio on an unique basis to establish both the obtained projects and new renewable resource centers throughout the United States eastern coastline
The projects will certainly boost the renewables pipe of Cordelio, which is wholly owned by Canada Pension Plan Investment Board, which stands at more than 7.5 GW of wind, solar and also energy storage space projects across the US.
The deal marks Cordelio's very first venture right into the New York solar market-- tipped to be amongst the US' most promising PV markets in the coming years-- leading chief executive officer John Carson to state the company is expecting "several years of growth" in the state.
