Macquarie's Savion launches ops with 8-GW solar, battery pipeline

Solar system. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

November 21 (Renewables Now) - Savion LLC, a utility-scale solar and energy storage project developer that is backed by Macquarie Group (ASX:MQG), today announced it is officially launching operations.

Savion is the firm that holds the large pipeline of solar and storage projects acquired by Macquarie’s Green Investment Group (GIG) in March 2019. GIG acquired the particular assets from Kansas-based renewables developer Tradewind Energy Inc, which, in turn, was taken over by Enel Green Power North America Inc. The latter kept just the wind assets of Tradewind Energy.

The new firm will now focus on developing utility-scale solar and energy storage projects across the US in partnership with utilities, municipalities, corporate customers and landowners, it said in a statement. Savion will be led by Rob Freeman and Geoff Coventry, who founded together Tradewind Energy in 2003.

Savion’s pipeline includes more than 8 GW of solar and battery projects that are currently under construction, under contract, in operation and in development, according to the announcement.

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