Shikun & Binui Energy has accomplished the development of the 260-MWDC 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 trail to our aim of changing into an built-in IPP within the U.S.,” mentioned Didi Paz, CEO of Shikun & Binui Power.
The development at Brazoria West Photo voltaic Challenge, situated about 40 miles southwest of Houston, Texas, commenced in Q2 2021 with the Industrial Operation Date (COD) achieved in November 2022. The venture’s whole output capability permits to energy roughly 37,100 houses.
“Brazoria West is the most important photo voltaic venture ever constructed by our group. It demonstrates our ambition to be a key participant within the transition to a carbon free future,” mentioned Kevin Yaich, president of S&B US Power. “I wish to thank all our companions, lenders, contractors and transaction groups for his or her glorious work, belief and cooperation. I’m extraordinarily happy with the Shikun & Binui Power’s efforts and resilience to finish the venture in a 2021/22 difficult surroundings for the U.S. photo voltaic trade.”
Brazoria West Photo voltaic Challenge will provide energy to the Houston space and has secured one business and industrial PPA and one other PPA with an power buying and selling firm. A portion of the environmental attributes of the power are being offered 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 have organized the tax fairness financing for the venture.
Information merchandise from Shikun & Binui Power