Solar panels by Pine Gate Renewables, North Carolina. Image by: Duke University.
US solar and storage developer Pine Gate Renewables on Wednesday said it has sealed power purchase agreements (PPAs) for late-stage photovoltaic (PV) projects across several US states with a combined capacity of 1 GW.
The PPAs were signed in a bundled deal that will facilitate the construction of 10 large-scale solar farms. The contracted projects represent an investment of more than USD 1 billion (EUR 1bn), the developer estimates.
Under the plan, the proposed capacity is planned to be installed in Pennsylvania, Virginia, Georgia, Mississippi and Texas, with the plants due to be brought online between 2023 and 2024.
While the names of the power off-takers were not disclosed, Pine Gate Renewables said it is “excited to work so closely with some of the world’s most respected brands.” The power volumes will be used by corporate players and utilities are equal to the consumption of a major city.
Currently, North Carolina-based Pine Gate Renewables has over 20 GW of solar and energy storage projects in development across the US.
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.