Samsung C&T Offloads 3-GW Texas Solar, Storage Portfolio to Sunraycer
- Samsung C&T and Sunraycer Renewables partner to develop and permit a 3GW portfolio of solar and energy storage projects in Southern Texas, set to be energised between 2025-2026. Explore upcoming ventures in the US renewables market.
Samsung C&T has announced the divestment of a 3-GW portfolio of solar and energy storage projects located in southern Texas. The bundle consists of six PV plants with a total capacity of 1 GW and nine energy storage facilities totalling 2 GW, which are planned to be energised between 2025 and 2026. Samsung C&T will partner with US-based Sunraycer Renewables for the development and permitting of the projects. The two companies will also explore further cooperation initiatives in the US renewable energy market in the near future.
What Cooperation Initiatives Are Samsung C&T and Sunraycer Renewables Exploring?
- Cooperation initiatives between Samsung C&T and Sunraycer Renewables could include joint venture partnerships
- The two companies could also consider co-investing in additional solar and energy storage projects in the US
- As part of the collaboration, Samsung C&T and Sunraycer Renewables could explore the co-development of further projects in the US market
- The two companies could also look into the potential of forming a long-term strategic partnership to pursue opportunities together in the renewable energy sector
- In addition, Samsung C&T and Sunraycer Renewables could explore joint marketing and promotional activities to further support their respective businesses in the US market
- The partnership could further involve the exploration of renewable energy technology solutions to accelerate project development and increase operational efficiencies.