Washington, D.C.-based Sol Programs LLC has acquired a 190 MW photo voltaic growth venture in Uvalde County, Texas, from Madrid-based ABEI Power. Sol Programs acquired the venture as a part of its increasing Infrastructure + Influence enterprise. ABEI Power will proceed to help Sol Programs throughout pre-construction growth.
“This acquisition builds on Sol Programs’ rising footprint in Texas and is a part of a strategic effort to develop our nationwide infrastructure platform,” stated Mak Nagle, chief growth officer at Sol Programs. “We’re excited to broaden entry to scrub vitality and to create new alternatives by way of the lifetime of the venture.”
Sol Programs will assemble, personal and function the venture, which can carry thousands and thousands of {dollars} in clear vitality funding to the area people, create job alternatives, and drive financial development within the county and the encompassing space.
“This is a vital accomplishment in direction of ABEI’s long-term company technique, enabling us to consolidate our place within the U.S. market,” Elvira Gutiérrez-Marcet, ABEI’s head of M&A. “Having labored carefully with the county on this venture since 2019, it’s a nice pleasure to see the venture is near beginning building and we’re excited for the constructive influence it’ll carry to the area people. Shifting ahead, ABEI stays dedicated to creating renewable vitality initiatives in North America and Europe.”
Based in 2008, Sol Programs is a nationwide photo voltaic vitality agency that has developed or financed greater than 1.4 GW of photo voltaic initiatives valued at greater than $1 billion and serving greater than 20,000 U.S. clients. The corporate is actively creating greater than 1.1 GW of latest photo voltaic initiatives throughout the USA.
ABEI Power is an Impartial Energy Producer (IPP) that integrates the administration of electrical energy technology initiatives from renewable sources by way of PV, photo voltaic thermal, wind and hydrogen applied sciences, with greater than 15 GW underneath growth worldwide.
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