A Houston-based energy solutions company has acquired a solar power project site in Texas.
Aggreko’s Energy Transition Solutions division has acquired the 13 MW behind-the-meter solar power project site, and the company will oversee construction, own, and operate the facility.
“Texas is an attractive market for these types of C&I projects, thanks to its robust solar resource, ease of development, and an efficient ERCOT grid connection process for projects of this size," Prashanth Prakash, Aggreko ETS chief commercial officer, says in a news release. "This project serves as another example of how we help commercial and industrial customers meet their decarbonization goals.”
Once completed, the site will provide Aggreko ETS customers with emissions reductions and predictable cost savings under a long-term fixed-price power purchase agreement.
“We’re pleased to complete this transaction and add it to our growing portfolio of solar and storage projects under development in Texas that total over 600 MW,” Jerry Polacek, Aggreko ETS president, says in the release.
Late last year, the Aggreko ETS division acquired a portfolio of nine community solar projects in the state of New York. The ground-mounted installations will total approximately 59 MW of generating capacity Aggreko ETS also successfully connected the first of the nine projects to the grid, a 5.9 MWdc project in the town of Vernon, 40 miles east of Syracuse.
The firm is led by David Capobianco (left), CEO and managing partner, and Matthew Morrow, COO and managing partner. Photos via fivepointenergy.com