US designer Redeux Energy eyes 2GW solar as well as storage pipe
- United States renewables developer Redeux Energy Partners is on track to develop a 2GW pipe of utility-scale solar as well as storage projects in the following 12 to 18 months after protecting funding.
Founded last year, the Colorado-based business is accomplishing a multi-state renewables growth strategy and also anticipates the very first projects from its portfolio to be functional in between 2024 as well as 2026. Its current focus gets on setups in locations covered by the Electric Reliability Council of Texas (ERCOT) as well as the Midcontinent Independent System Operator (MISO).
As well as greenfield project advancement, Redeux is partnering with fossil generators to help sites shift to renewables plants while utilizing existing grid framework. The firm is likewise dealing with landowners to include tidy energy solutions that can be co-located with existing farming, timber, ranching and source removal operations.
The scheduled development comes after Redeux closed funding late last year that was led by personal equity investors Cathexis Holdings and Thoroughbred Holdings. The firm will certainly utilize the financing to support the advancement of more than 1GW of projects, land acquisition, affiliation filings, co-development collaborations as well as project acquisitions.
Redeux has assembled a team from firms such as AES Corporation, Invenergy as well as Lightsource BP. It is now increasing the development of its pipe and also related hiring, claimed Redeux COO Rob Masinter.
"With a fully-funded system to supply a gigawatt-scale, nationwide, eco-friendly generation as well as energy storage space project pipe, Redeux is well-positioned" to aid sustain the energy transition, Masinter said.
