Plus Renewable, Avondale Solar to Sell 350 MW Solar Project

Plus Renewable and Avondale Solar have entered into an agreement to sell their interests in a 350 MW solar PV project in Fort Bend County, Texas

PC: AMP Energy

Plus Renewable Technologies and Avondale Solar have entered into an agreement to sell their interests in a 350 MW solar PV project in Fort Bend County, Texas that they are developing via their affiliate AP Solar Holdings to an affiliate of Copenhagen Infrastructure Partners (CIP).

The Fighting Jays Solar project is expected to break ground in the second half of 2020 and be operational by the summer of 2022. Due to its close proximity to the Houston metro area, the project is expected to experience minimal curtailment and basis risk to the premium Houston Zone of ERCOT.

Plus Renewable Technologies owns operating renewable assets in China and the US and continues to evaluate and develop new projects in the United States, the United Kingdom Italy and other Asian markets, including the Philippines, Malaysia, Vietnam, Myanmar, Taiwan, South Korea, and Sri Lanka. 

Speaking on behalf of the Sellers, Trevor Nash, the CEO of AP Solar Holdings said: “we are very pleased to be working with Copenhagen Infrastructure Partners on the development of Fighting Jays Solar, and, based on the market dynamics and data that we are seeing, Fighting Jays Solar will be well-positioned to provide low cost, clean and reliable power to the Houston Zone.”

“We are excited to be involved in Fighting Jays Solar, which is strategically located in the fastest growing load pocket in ERCOT. This transaction signifies another major investment by CIP in the Texas renewable energy market and CIP looks forward to working with our local partners to produce clean energy for the Houston Zone,” said Christian Skakkebaek, Senior Partner at CIP.

Recently, we had reported that Grasshopper Solar, a global developer and asset owner headquartered in Canada, has announced the acquisition of a 278 MW dc portfolio of solar projects in Pennsylvania from Glidepath Ventures, a leading clean energy-focused development and investment firm. Once operational, the portfolio will nearly double the amount of solar assets currently operating in Pennsylvania.

Prior to that, the First Solar had announced that Longroad Energy is the acquirer of its four solar projects with a combined capacity of 160 MW in California. Backed by a long-term Power Purchase Agreement (PPA) with a Community Choice Aggregator (CCA), Marin Clean Energy (MCE), the Little Bear Solar portfolio of projects is located in Fresno County, California. The projects, which range from 20 MW to 50 MW, are expected to be completed by the end of the fourth quarter of 2020 and designed to have a low impact on local land and water resources, and the environment.