ContourGlobal has bought photo voltaic power belongings comprising 324 megawatts peak (MWp) beneath building in Colorado and 122 MWp extra anticipated to start out building in Virginia subsequent yr.
The acquisition from Qcells grows ContourGlobal’s under-development photovoltaic portfolio in the US to just about 1.2 gigawatts (GW), based on a joint assertion.
The acquisition “extends ContourGlobal’s renewable footprint in WECC (Western Electrical energy Coordinating Council) and PJM (Pennsylvania-New Jersey-Maryland) interconnection markets, offering regional diversification”, the assertion stated.
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“The initiatives are situated in engaging markets with rising demand load, paired with retirements of thermal capability and carbon emission discount targets at coverage and company ranges which offers alternatives for renewables growth”, it stated.
The Colorado portion has secured a 22-year buy dedication from the community-owned Platte River Energy Authority. Anticipated to start out business operation within the first half of 2025, the primary section of the mission includes a 185 MWp plant. The second section, with an anticipated peak technology of 139 MW, is focused to be put on-line 2026.
In the meantime the Virginia mission is predicted to start building 2026 and launch into business service 2027. It has a 20-year energy buy settlement with an unnamed utility.
The crops have an estimated manufacturing of over 845 gigawatt hours (GWh) a yr, sufficient to energy about 80,000 households yearly, the assertion stated.
Qcells stays the development implementer utilizing photo voltaic panels from its Dalton and Cartersville factories in Georgia. “Qcells has one of many largest photo voltaic panel manufacturing services within the western hemisphere and, since 2019, its U.S. manufacturing capability sits at 5.1 GW, and is predicted to succeed in as much as 8.4 GW”, the assertion stated.
Qcells GES president IP Kim commented, “This transaction showcases Qcells’ differentiated capabilities as a ‘complete power options supplier’ to deliver initiatives from growth into operations”.
“We’re excited to discover different alternatives the place Qcells’ full suite of capabilities can ship worth to companions like ContourGlobal”, Kim added.
ContourGlobal chief govt Antonio Cammisecra stated, “This transaction permits us to take care of momentum in our U.S. renewable development, nearing 1.2 GW of photo voltaic PV capability complemented with further 0.3 GW of BESS capability, in building or late growth”.
Late final yr ContourGlobal stated it has acquired a two-phase photo voltaic and storage mission to serve Arizona and California. The 2 phases have a mixed photo voltaic capability of 567 MWp and 1.3 GWh of battery power storage capability – 888 MW of hybrid capability in complete.
Marking ContourGlobal’s entry into the renewables market within the western U.S., the mission is predicted to start out business operation 2028 on the earliest.
“Whereas related to Arizona’s WAPA grid, the mission is close to the California border and contains agency transmission rights to ship energy to CAISO [California Independent System Operator], offering flexibility to serve prospects in each the WECC-Southwest (AZ) and CAISO (CA)”, ContourGlobal stated in a press launch December 23, 2024.
“The mission has accomplished key growth milestones, together with environmental and interconnection, allowing, and is within the advertising section for potential offtake agreements”.
On October 2, 2024, ContourGlobal stated it had bought two photo voltaic initiatives with a complete capability of 151 MW in South Carolina from Solar Tribe Improvement, marking its entry into the U.S. renewables market.
The late-stage growth belongings have secured long-term buy commitments and are deliberate to start out business operation 2029.
ContourGlobal additionally operates 1.3 GW of thermal power belongings spanning 4 states within the U.S.
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