Science & Technology

Renewco expands into US market with portfolio purchase from Beaufort Rosemary

Renewal power In addition to a 500 MW battery storage project from a Virginia-based developer, we are expanding the platform to the United States by acquiring the 1.5 GW pipeline of an early-stage, practical solar project. Beaufort Rosemary..

As part of the deal, the Scotland-based renewable energy business has partnered with Beaufort Rosemary to co-develop more sites and bring the 3GW solar and storage project to the “ready” stage within five years. The goal is to do that. .. The venture will focus on the southeastern and midwestern states of the United States, where renewable energy penetration is low and new ambitious clean energy generation goals are set.

Renewco’s move to the United States Quran CapitalClean Energy and Sustainability Investors, Funded by Low Carbon Infrastructure Companies, SSE plc.. This brings Renewco’s total funding commitment to £ 48m in just nine months of its inception.

“We are pleased to complete this acquisition, expand the Renewco platform to the United States and accelerate the transition to clean energy in one of the world’s largest renewable energy markets,” said Gavin McCallum, CEO of Renewco. .. “We are excited to work with experienced and established developers like Beaufort Rosemary … Moreover, this investment is an important milestone for our business and our backers are confidently accelerating the Renewco team. Prove to carry out the plan to carry out. Development of clean energy projects across Europe and the United States. ”

“ Since launching the solar development project in 2018, we have succeeded in building a substantial pipeline of solar and storage projects by working closely with landowners and local communities in the southeastern and midwestern United States. “We did,” commented Kevin Casey, founder and managing director of Beaufort. Rosemary. “Renewco’s financial support and critical development expertise can accelerate our projects and expand our pipeline. We also welcome their strategic input and are strong with the Renewco team. I look forward to working in a successful partnership. “

Renewco expands into US market with portfolio purchase from Beaufort Rosemary

https://solarindustrymag.com/renewco-expands-into-u-s-market-with-solar-portfolio-buy-from-beaufort-rosemary Renewco expands into US market with portfolio purchase from Beaufort Rosemary

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