Sol Systems has acquired 2 GW of utility-scale solar PV capacity in the US
The collaboration with Tenaska will see it working together on project development
All facilities are scheduled to be commissioned between 2028 and 2029
US renewable energy company Sol Systems has expanded its portfolio with the acquisition of more than 2 GW of utility-scale hybrid solar and storage projects across the Midwest in the US under a strategic collaboration with the natural gas and electric power company Tenaska.
The portfolio comprises projects with more than 100 MW capacity each, spread across multiple states. Each of these facilities is scheduled to enter operations between 2028 and 2029.
Sol Systems said it will continue to collaborate with Tenaska on their development through the construction phase, post which it plans to build, own, and operate the same. Financial details of the transaction weren’t disclosed.
Sol Systems’ Vice President of Development Strategy Matt Strangfeld said, “These projects are a significant step forward in our mission to provide clean, reliable energy while positively impacting communities. Our Infrastructure + Impact strategy ensures that our growth benefits both the environment and the communities we serve.”
At present, Sol Systems counts its operational and under-construction solar project portfolio as exceeding 7 GW, valued at more than $2 billion. Earlier this year, it entered a long-term solar panel supply agreement with Canadian Solar for n-type TOPCon module supply from the latter’s Texas fab (see Sol Systems Books Long-Term US-Made Solar Module Supply).