GW Level Solar & Storage Partnership For US

Solariant & Daiwa To Co-Develop Over 1 GW AC Solar In US With 2.5 GWh BESS

GW Level Solar & Storage Partnership For US

Supportive regulatory environment of the US for renewable energy is encouraging investment in the sector. Latest in the line is Daiwa and Solariant partnership to invest in solar and storage at utility scale. (Illustrative Photo; Photo Credit: abriendomundo/Shutterstock.com)

  • Solariant Capital and DEI join hands to co-develop and co-invest in renewable energy in the US
  • To start with, the partnership will focus on initial capacity of over 1 GW AC solar and 2.5 GWh BESS which is Solariant’s development portfolio in Southeast and Southwest US
  • Their plans include aggressively expanding in the country by acquiring additional development stage projects

California, US based renewable energy developer Solariant Capital, LLC has announced a partnership with a subsidiary of Japanese financial services company Daiwa Securities Group to co-develop over 1 GW AC of solar and 2.5 GWh of battery energy storage system (BESS) capacity in the US.

This initial capacity is part of Solariant’s existing US portfolio that’s currently under development across the Southeast and Southwest US. The partners will also be co-investors in the transaction. They also plan to acquire additional development stage projects through the equity partnership as they ‘aggressively’ expand their US renewable energy portfolio.

The decision to expand in the US is based on the US government’s favorable view of renewables and support through enabling policies as Daiwa subsidiary Daiwa Energy & Infrastructure Co. Ltd. (DEI) CEO Morimasa Matsuda explained, “With the current favorable environment for renewable energy in the US driven by the recent administration’s aggressive climate goals and support from state and local governments, we believe this partnership is a great opportunity for DEI to expand our footprint into the US market.”

Solariant expects this partnership to strengthen its position in the market and expand operations across new markets.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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