Innogy buys 10 MW of solar projects in N Carolina

Copyright: Belectric

May 13 (Renewables Now) - Innogy SE (ETR:IGY) said on Friday it has acquired two solar projects in the US state of North Carolina with a combined capacity of about 10 MW.

The German company anticipates to start construction work on the two solar plants in the second quarter of 2019 and to achieve commissioning in the final three months of the year.

Upon completion, the solar farms are expected to generate enough power to meet the annual consumption of over 2,000 homes and will be selling that electricity to Duke Energy Progress over a 15-year period.

Last June, Innogy joined forces with US developer Birdseye Renewable Energy LLC to jointly develop 13 solar projects with a total capacity of 440 MW. The German firm is also active in the US wind power segment, having taken the final investment decision (FID) for the 250-MW Scioto Ridge onshore wind farm in Ohio at end-November 2018.

Meanwhile, Innogy intends to take the FID for the 126-MW Cassadaga and 240-MW Baron Winds projects in New York later this year. The plan is to have these wind parks up and running in the fourth quarter of 2020.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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