Scottish crew makes 1.5 GW United States solar relocation

• Renewco Power has actually obtained a pipe of beginning utility-scale PV projects from Beaufort Rosemary

Scottish firm Renewco Power is expanding its platform into the United States with the purchase of a 1500MW pipe of early stage utility-scale solar projects together with 500MW of battery storage space projects from Beaufort Rosemary.

Renewco is likewise forming a partnership with Beaufort Rosemary to jointly create even more websites, with the goal to bring 3GW of solar as well as storage projects to the 'prepared to construct' stage within five years.

The venture will concentrate on states in the Southeast and also Midwest of the US where there is a lower penetration of renewables and which have new enthusiastic clean energy generation objectives.

Renewco's move to the United States is being supported by a further financing commitment of ₤ 24m from Corran Capital, the clean energy as well as sustainability investor, which increased the capital from reduced carbon facilities business, SSE.

This brings Renewco's total funding commitments to ₤ 48m simply nine months from formation.

Renewco president Gavin McCallum said: "I am delighted to have actually completed this acquisition, expanding the Renewco platform to the US and also allowing us to speed up the clean energy transition in one of the world's largest renewables markets.

" I am excited to be operating in partnership with such a knowledgeable as well as well-known designer as Beaufort Rosemary.

" Their Owner and CEO, Kevin Casey, and I worked together in the United States power industry in the very early 2000s as well as I have every self-confidence in our joint ability to produce a large and growing pipe of solar and storage space projects in the United States.

" Additionally, this investment is a significant turning point for business and testament to the self-confidence our backers have in the Renewco team to execute our strategy of increasing the advancement of clean energy projects across Europe as well as the US."

Beaufort Rosemary owner and also MD Kevin Casey claimed: "Considering that releasing our solar growth business in 2018, we have successfully built a considerable pipe of solar and also storage space projects by functioning closely with landowners and also regional communities in the Southeast as well as Midwest of the United States.

" With Renewco's financial backing and significant development knowledge, our projects can currently be accelerated as well as the pipe broadened.

" I also welcome their critical input as well as expect working in a solid partnership with Renewco's team."