GIG portfolio company Savion has reached an agreement to sell a 20 MW solar development in Virginia, USA, to Falck Renewables North America, Inc. and Eni New Energy US, Inc. through a partnership, Novis Renewables Holdings, LLC.
The solar development is one of three Virginia projects developed by Savion, resulting in 115 MW of solar power and a total investment in excess of $150 million.
Savion has established itself as a national leader in solar and energy storage since the company’s launch in 2019. The developer currently manages a growing portfolio of utility-scale solar and energy storage development across 26 states. Over the past year, Savion has executed power purchase agreements totaling over 700 MW and sold more than 900 MW of projects.