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Spanish renewables developer Greenalia is rolling out a formidable 1.9 gigawatts (GW) of photo voltaic, wind, and battery storage in Texas, with extra on the best way.
That’s as a result of the corporate simply closed $200 million of three-year credit score services – its first within the US – enabling it to scale up within the US market quickly. Greenalia’s US photo voltaic and battery storage venture portfolio is at the moment solely in Texas and includes late-stage improvement tasks.
Nevertheless it has even larger US plans, as its CFO, Antonio Fernández-Montells, defined:
This operation represents an essential milestone for the corporate’s US enlargement, the place we’re at the moment creating a 3 GW portfolio diversified via tasks in three applied sciences – photo voltaic, wind, and batteries.
Greenalia entered the US market in July 2021 when it acquired the 695 MW Misae II photo voltaic venture in northern Texas. Citing the Biden administration’s clear vitality push, CEO Manuel García then mentioned, “The robust dedication and drive of the US Administration for renewable energies has opened a pretty window that we should make the most of.”
Greenalia has 40 tasks in its Spanish portfolio, together with the nation’s first floating wind farms.
Learn extra: A Native American tribe is constructing a $1B photo voltaic farm in Colorado
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