BayWa r.e. Sells 517 MWDC Solar Portfolio in PJM and MISO Regions

0
305
Representational image. Credit: Canva

BayWa r.e. has completed the sale of three solar projects totaling 517 MWDC to a leading privately held renewable Independent Power Producer (IPP). These projects, located in the territories of two major U.S. grid operatorsโ€”PJM Interconnection (PJM) and Midcontinent Independent System Operator (MISO)โ€”mark a significant milestone in expanding renewable energy capacity across the U.S. grid. The portfolio is expected to reach commercial operation by the end of 2025.

This transaction, finalized in October, underscores the growing momentum for renewable energy infrastructure. Beyond contributing to clean energy goals, the projects are driving local economic benefits, supporting businesses and service providers during construction, creating jobs, and generating long-term tax revenue in their host communities. โ€œWe are pleased to complete the largest portfolio sale in the history of the BayWa r.e. Group, and to strengthen the American energy grid withโ€ฏrenewable energyโ€,โ€ฏsaid Fred Robinson, CEO at BayWa r.e. Americas.โ€ฏโ€œThis transaction reaffirms ourโ€ฏstrategyโ€ฏinโ€ฏidentifying high-quality projects in key markets.โ€ฏWe look forward to further expanding our pipeline to meet the rapid demand growth in the US.โ€โ€ฏโ€ฏโ€ฏ

Also Read  Servotech Renewable Power Secures 2.58 MW Grid-Connected Solar Rooftop Project With South Eastern Railway, Ranchi Division

Discover more from SolarQuarter

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.