S&B UNITED STATES gets Texas solar project from Savion

• S&B U.S.A. (formerly Shikun as well as Binui America) has authorized a definitive arrangement to purchase a solar project in Texas from US-based renewable energy company Savion.

S&B U.S.A. (formerly Shikun and Binui America) has actually authorized a clear-cut agreement to buy a solar project in Texas from US-based renewable resource company Savion.

Situated 40 miles south-west of Houston in Brazoria Area, the Brazoria West Solar Project has 260MWdc (200MWac) of intended solar energy productivity.

The center is expected to come on-line next year, with building and construction works as a result of start in the 2nd quarter of this year.

Upon conclusion, the center is expected to generate adequate solar energy to power around 37,100 homes in Texas.

The facility has protected one industrial as well as industrial power acquisition agreement (PPA) as well as one more PPA with an energy trading company.

S&B Giving In CEO Allon Raveh claimed: "Shikun and also Binui continues to broaden its procedures as well as asset base in the US.

" With the constant penetration of renewable resource in the United States market, we are thrilled to continue to grow our United States renewable resource portfolio as well as believe it will certainly become an increasingly important part of our activity in the country."

S&B UNITED STATES Energy head Kevin Yaich stated: "It's exciting to enter the mid‐stage of solar energy growth and also see it through building and construction and also operations.

" We will certainly remain to build upon our renewable energy portfolio and are actively going after various other assets currently."

This will certainly be the third eco-friendly possession for S&B UNITED STATES Energy, after acquiring the Beacon II and also Beacon V solar projects in California in late December.

This month, UK-based solar power business Hive Energy offered its Sabinar solar farm project to Israeli mutual fund Noy Fund and eco-friendly technology company Nofar Energy.

Found in Cuenca, Spain, the 252MW solar farm will certainly cover a 452ha location and is because of get in the building and construction phase this year.