Enel Green Power (EGP) North America has expanded its renewable energy portfolio in the US by 3.2 GW DC under development solar energy capacity, and solar+storage projects which also comes with 450 MW of energy storage. It said the deal 'augments Enel's aggressive growth strategy in the US and Canada with a mature development pipeline now totaling 12 GW between greenfield development and acquisitions'.
It has acquired this portfolio of 24 development-stage projects from Dakota Renewable Energy, scheduled to enter commercial operations starting from 2023.
"While momentum continues to build for clean energy in the United States, we are accelerating our own growth plans by adding this substantial portfolio of solar projects to our medium-term development pipeline," said President & CEO of EGP North America, Georgios Papadimitriou.
The projects acquired are located in the Mid-Atlantic, Midwest and Western United States of New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and Colorado. EGP said several of the Mid-Atlantic solar projects will be paired with battery storage to 'capture additional value streams'. It currently has 5 hybrid renewable+storage projects under construction in Texas with a combined capacity of 2.3 GW wind and solar and around 600 MW of battery storage (see Enel Launches its Second Hybrid Project In North America).
EGP North America currently operates 58 renewable energy projects in the US and Canada with a managed capacity of over 6.6 GW, comprising wind, geothermal and solar energy.
In March 2019, the company acquired 13 GW of wind, solar and storage development pipeline from Tradewind Energy, selling 6 GW of solar and storage to Macquarie Group's Green Investment Group (see Enel Buys 13 GW RE & Storage, Sells 6 GW).
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