Enel Green Power boosts United States solar position with 3.2 GW portfolio acquisition

Jul 14, 2021 11:25 AM ET
  • Enel Green Power has strengthened its setting in the US solar as well as energy storage space markets by acquiring a 3.2 GWdc portfolio of solar and solar-storage projects
Enel Green Power boosts United States solar position with 3.2 GW portfolio acquisition
Image: Enel Green Power

The portfolio consists of 24 development-stage projects spread out across the Mid-Atlantic, Midwest and also Western USA, especially in the states of New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and Colorado.

The portfolio has actually been obtained from Dakota Renewable Energy, a joint endeavor between renewables developer Dakota Power Partners and also Eolian.

It includes around 450MW of energy storage ability, which Enel said belonged to numerous projects planned for the Mid-Atlantic area in order to capture extra income streams on offer there.

The offer will certainly add to Enel Green Power's North America department's existing visibility in the United States. It was 5 solar and also wind projects incomplete in Texas with a combined generation capability of 2.3 GW, as well as 600MW of battery energy storage projects spread out across the United States.

In total, Enel Green Power North America takes care of around 6.6 GW of renewable capacity in North America.

Georgios Papadimitriou, president as well as Chief Executive Officer at Enel Green Power North America, stated the procurement would speed up the business's plans for the market.

"These projects will play an essential function in our efforts to help states reach their clean energy targets, spur job development as well as fulfill rising corporate need for renewables," he claimed.

Enel's acquisition comes as competitors in the United States market warms up. Last month, oil and gas significant BP acquired a 9GW portfolio of solar PV projects in the US from 7X Energy.

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