European Energy expands United States PV footprint
- Company acquires majority stake in two solar projects with a combined capacity of 700MW
European Energy (EE) North America has acquired a majority stake in two solar projects, Sandy Hill Solar and Sand Dune Solar, in Colorado.
The JV with Horus Partners adds 700MW to EE North America's existing solar pipeline under development, bringing it to an overall of 2.5 GW amongst Texas, Arizona, New Mexico, and Colorado.
It likewise notes a substantial action toward the company's ambitious goal of creating 10GW of renewable energy in the United States by 2026.
Lorena Ciciriello, president of EE North America, said: "We are enjoyed participate in this partnership with Horus Partners and remain to grow our rapidly expanding solar pipeline.
" This chance marks the access into the Colorado market where we will build upon the location's tidy energy sources while likewise developing new American jobs and also making certain neighborhood communities benefit for generations ahead."
Horus Partners, EE North America's JV companion running under the name Lighthouse Solar, has actually been empowering as well as informing household and business consumers throughout the Southwestern United States for around 16 years.
The Sandy Hill Solar and Sand Dune Solar projects are anticipated to commence construction in 2024, noting a significant landmark in the direction of attaining EE The United States and Canada's mission to be a leading global force in advertising the green change.
