Broad Reach buys 500 MW of wind, solar from Invenergy

Invenergy wind farm. Source: Invenergy (www.invenergyllc.com).

December 18 (Renewables Now) - Independent power producer Broad Reach Power has acquired a 500-MW portfolio of wind and solar assets in Montana from Chicago-based Invenergy LLC.

The bundle includes a 250-MW wind farm and a solar photovoltaic (PV) park of 250 MW, as well, both located in Billings. The two power plants are expected to be brought online in 2022 and 2023, respectively, the buyer said on Thursday. 

Financial details about the deal were not disclosed.

The new assets join Broad Reach’s existing fleet of solar and battery storage assets in Billings, which are part of its broader portfolio in the Pacific Northwest, where it has an over 1.4-GW renewables pipeline plus some 900 MW of storage projects.

“Once completed, these projects will provide much needed reliability to the region’s grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley,” said Broad Reach Power developer Daniel Zolnikov.

Houston-headquartered Broad Reach currently owns a portfolio of 5 GW of utility-scale solar and energy storage assets in Montana, California, Wyoming, Utah and Texas. 

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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