Skyline Renewables acquires 8minute Solar Energy's 250-MW Texas PV project

• Skyline Renewables, a North American renewables company, backed by Ardian, a global exclusive investment house, will fund and handle the construction of a 250-MW solar project in Central West Texas. The Galloway I Solar Project, acquired from 8minute Solar Energy, is arranged for procedure by end of 2021.

" We're very delighted to be adding such a robust solar project in the vibrant Texas energy market," claimed Martin Mugica, president as well as CEO, Skyline Renewables. "This newest project marks an additional important advance to ending up being a leading North American tidy independent power platform. It aids stabilize our portfolio's renewable energy mix, providing us peak power flexibility as well as variety within ERCOT as well as enables us to better assist the market when they require it one of the most."

With this latest acquisition, Ardian-backed Skyline Renewables will certainly expand its renewable energy portfolio to greater than 1,050 MW of regulated capacity considering that the firm was created two years back. Skyline Renewables announced its initial procurement of Whirlwind Energy, a 60-MW project, and also Hackberry Wind Farm, a 166-MW project, both located in northwest Texas.

Later that year, Skyline introduced the procurement of Horse Creek and Electra Wind Farms, both 230-MW projects done in the ERCOT market. Last year, Skyline got a 117-MW portfolio of wind projects located in Iowa, Kansas, Pennsylvania as well as Wyoming.

" The Galloway project is an exceptional enhancement to the Skyline portfolio, and also the most up to date instance of the Skyline monitoring team's dedication to developing a best-in-class eco-friendly independent power business," said Mark Voccola, senior taking care of supervisor and also co-head of Ardian Infrastructure United States. "We're pleased to companion with Skyline on this transaction, which is emblematic of Ardian's ongoing commitment to buying clean power properties and also creating a more sustainable energy market."

The current solar project in Texas is part of Ardian's recurring commitment to support the energy transition, as detailed in its most recent "Augmented Infrastructure" report. Ardian Infrastructure has $15 billion complete assets under administration in infrastructure and 50 staff members across 8 offices throughout the Americas as well as Europe.

" The effective project financing is further proof that the marketplaces see our critical position as well as our partnership with Ardian as a strong structure for more development," Mugica said. "We'll remain to take this exact same method in all parts of the country proactively handling our properties to enhance returns and also remaining nimble yet clever and also ingenious with our development opportunities."