Washington, DC-based Sol Programs LLC has acquired a 190 MW photo voltaic improvement undertaking in Uvalde County, Texas, from Madrid-based ABEI Power. Sol Programs acquired the undertaking as a part of its enlargement of the Infrastructure + Impression enterprise. ABEI Power will proceed to help Sol Programs throughout pre-construction improvement.
“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, Sol Programs chief improvement officer. “We’re excited to broaden entry to wash vitality and to create new alternatives all through the lifetime of the undertaking.”
Sol Programs will construct, personal and function the undertaking, which can deliver thousands and thousands of {dollars} in clear vitality funding to the area people, create job alternatives, and drive financial progress within the county and within the surrounding space.
“This is a crucial achievement in ABEI’s long-term company technique, which allows us to consolidate our place within the US market,” Elvira Gutiérrez-Marcet, ABEI’s head of M&A. “Having labored intently with the county on this undertaking since 2019, it’s a nice pleasure to see that the undertaking is about to start development and we’re excited for the constructive affect it would deliver to the area people. Shifting ahead, ABEI stays dedicated to the event of renewable vitality initiatives in North America and Europe.
Based in 2008, Sol Programs is a nationwide photo voltaic vitality firm that has developed or financed greater than 1.4 GW of photo voltaic initiatives valued at greater than $1 billion and serves greater than 20,000 clients within the US. The corporate is actively growing greater than 1.1 GW of recent photo voltaic initiatives throughout the USA.
ABEI Power is an Unbiased Energy Producer (IPP) that integrates the administration of electrical energy era initiatives from renewable sources by way of PV, photo voltaic thermal, wind and hydrogen applied sciences, with greater than 15 GW underneath improvement everywhere in the world.
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