星期一, 11月 29, 2021
Home PV Finance Competitive Power Ventures acquires 460 MW solar portfolio

Competitive Power Ventures acquires 460 MW solar portfolio

Purchased from developer Belltown Power, the two projects are located in Illinois and Kentucky.

Source:pv magazine

Competitive Power Ventures (CPV) acquired two solar projects from Belltown Power to the tune of 460 MW. The transaction includes the 360 MW Prairie Dock Solar project in Illinois, and the 100 MW Stonecrop Solar project in Kentucky.

CPV has roughly 3 GW of renewable energy projects under development. Prairie Dock and Stonecrop solar are expected to begin construction second half 2023.

Illinois, which the Solar Energy Industries Association (SEIA) reports as having invested $1.5 billion in solar, has a cumulative installed capacity of less than 700 MW. The 360 MW Prairie Dock project would help the state take a step closer to its renewable portfolio standard that requires 25% renewable energy generation by 2025.

Kentucky has 64.4 MW of installed capacity, landing at 47th in SEIA’s state solar rankings. However, its growth projection of 815 MW over the next 5 years ranks 36th in the nation. SEIA reports a $125 million investment in solar in the state of Kentucky, a number that is likely to rise precipitously in the next several years.

Belltown is a solar developer working primarily in the PJM and ERCOT regions, starting operations in the USA in late 2016. The firm primarily operates greenfield development projects and typically advances its projects through notice to proceed and commercial operation date. The company has a track record of 14 transactions involving over 2.5 GW of generation and storage, and has a pipeline of 30+ projects totaling 5 GW or more, it said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

CSI Solar signs strategic partnership agreement to focus on renewables and battery energy storage

Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy...

New German coalition sets enhanced energy goals, doubles solar PV target to 200GW by 2030

Germany’s new three-way coalition government of the SDP, Green and FDP parties have set guidelines for future energy policy in the country which include...

European Commission approves US$2.5bn Greek policy to support 4.2GW of renewables

The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in...

R.Power launches US$226m tendering programme as Polish PV portfolio proceeds

Polish solar developer R.Power is tendering for PV modules, structures and other components worth nearly €200 million (US$231 million) as it seeks to build...