Acciona Energia acquires 458-MWp solar project in Texas

Acciona's Malgarida PV complex. Image by Acciona (https://www.acciona.com)

February 10 (Renewables Now) - Spanish renewables pure-player Acciona Energia (BME:ANE) said on Tuesday that it has acquired the 350-MW/458-MWp Red-Tailed Hawk solar photovoltaic (PV) project in the US state of Texas.

It said it bought the project from Avondale Solar LLC and Solar Plus Development Inc, two firms that developed it through a dedicated affiliate. The acquisition price was not disclosed.

Acciona Energia said the new project, its largest PV development in the world now, will require an investment of some USD 460 million (EUR 402.3m).

Construction is set to start in the third quarter of 2022, while full operations can be expected in 2024.

Red-Tailed Hawk will be located in near Houston in Wharton County, and will be connected to the Houston grid. Once up and running, the PV plant will be able to generate enough clean electricity to meet the power demand of 66,500 Texas households, Acciona Energia added.

Red-Tailed Hawk is the third solar PV project for Acciona Energia in the US. The company is currently building the 315-MWp Fort Bend solar farm in Texas and the 125-MWp High Point plant in Illinois. Elsewhere in the US, the company operates over 1 GW of wind farms and the 64-MW Nevada Solar One concentrated solar power plant.

(USD 1.0 = EUR 0.875)

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