Kenlov, Ashtrom JV includes 300-MW US solar project to pipeline
- Tel Aviv-based independent power producer Kenlov Renewable Energy claimed today it has included a 300-MW solar project in the United States to its total global development pipeline, which now goes beyond 3 GW throughout The United States And Canada and Europe.
Much more particularly, the company's United States joint endeavor with tactical companion Ashtrom Group Ltd (TLV: ASHG), called Kenlov Ashtrom Renewable Energy LLC (KARE), has actually sourced this month the Rolling Sun project in Bushland, Texas. This particular scheme is slated to enter building and construction in 2024 and also accomplish business operations in very early 2025.
Moving Sun is KARE's 5th solar growth in the US, where the JV now has practically 1.5 GW. The companions have dedicated to increase their joint United States pipeline to more than 3 GW in the following 3 years.
"We're building a United States portfolio with genuine muscular tissue. Having actually brought Rolling Sun right into the pipeline, we're currently eagerly anticipating the begin of works at our initial sites later on this year, and first power in 2023. We stay on the hunt for more top quality possibilities throughout the US," stated handling director Richard Ferriday.
Meanwhile, Kenlov has European wind and solar projects exceeding 1.5 GW of complete possible capacity in markets such as Spain, Italy, Greece and Serbia. They are currently at numerous phases of development as well as licensing, the firm said.