Shikun & Binui Power has accomplished the development of the 260-MW energy plantDC Brazoria West Photo voltaic Challenge, acquired from Savion in 2021.
“The completion of Brazoria West is a major milestone for the group and paves the way in which to our purpose of changing into an built-in IPP within the US,” stated Didi Paz, CEO of Shikun & Binui Power.
Development of the Brazoria West Photo voltaic Challenge, situated roughly 40 miles southwest of Houston, Texas, started in Q2 2021 with a Business Operation Date (COD) achieved in November 2022. The full output capability of the venture permits the ability of roughly 37,100 homes.
“Brazoria West is the most important photo voltaic venture our group has ever undertaken. It demonstrates our ambition to be a key participant within the transition to a carbon-free future,” stated Kevin Yaich, president of S&B US Power. “I want to thank all our companions, lenders, contractors and transaction groups for his or her wonderful work, belief and cooperation. I’m very pleased with the efforts and energy of Shikun & Binui Power to finish the venture in a 2021/22 difficult atmosphere for the US photo voltaic trade.
The Brazoria West Photo voltaic Challenge will provide electrical energy to the Houston space and has secured a business and industrial PPA and one other PPA with an power buying and selling firm. A portion of the power’s environmental properties have been bought to those two off-takers as a part of the PPAs.
CIT Group’s Energy and Power enterprise led the debt financing. Macquarie and RBC organized the tax fairness financing for the venture.
Information merchandise from Shikun & Binui Power
