ACCIONA acquires 3GW of solar and 1GW of storage in USA

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ACCIONA acquires 3GW of solar and 1GW of storage in USA

ACCIONA has signed an agreement with the US company Tenaska to acquire a portfolio of photovoltaic projects in seven states across the USA. The portfolio comprises approximately 3,000 megawatts (MW) of rated power in utility-scale photovoltaic plants and 1,000 MW of battery storage.

The transaction covers 20 projects located in the States of Pennsylvania, Ohio, Kentucky, Illinois, Kansas, Oklahoma and Missouri, within the scope of the PJM Interconnection and Southwest Power Pool (SPP) markets.

Tenaska – through Tenaska Solar Ventures, the company’s solar development services business – will work with ACCIONA to complete the development of the projects.

ACCIONA plans to put eight projects from this portfolio into service before the end of 2023.

The addition of a 1,000 MW energy storage development portfolio allows ACCIONA to offer cutting-edge technologies and services to these U.S. markets.

ACCIONA's Energy Division director, North America, Rafael Esteban, said: “This operation represents an opportunity for ACCIONA to increase our commitment to renewable energy and sustainability in the United States through photovoltaic and energy storage technology, after the investments we have already made in wind power. We will materialize a large part of the projects between 2021 and 2023”.

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