Elmya Energy and Atlantica Sustainable Infrastructure have formed a new joint venture to develop 4GW of renewable energy projects in the United States.
Elmya’s US team, together with the Atlantica North America team, will spearhead all development activities for the new joint venture, entitled Elmantic.
Founded as an electrical contractor in 1966, Elmya, based in Seville, Spain, has grown into a global company connecting more than 3GW of renewable energy projects worldwide.
Atlantica is a sustainable infrastructure company focused on the development, construction and management of renewable energy, storage, efficient natural gas and transmission assets across North America, Europe, and South America.
Elmya managing director Carlos Piñar (pictured) said: “The US stands as one of the largest and most dynamic markets for energy in the world.
“Our formation of Elmantic during this time of resetting and growth for the US power industry underscores our conviction that renewable energy will continue to play a major role in America’s expanding economy.”
In the US, Elmya Energy will initially focus on greenfield development of wind, solar, and energy storage projects in ERCOT and WECC markets.
With offices in Richmond, Virginia and Austin, Texas, Elmya Energy USA expects to add new team members to support the joint venture.
Colin Mott, head of North America for Elmya Energy USA, said, “We are committed to upholding Elmya’s hard-earned, 60-year reputation for reliability, transparency, and long-term commitment to the communities they work in.
“As we advance new greenfield energy infrastructure, our priority is working with landowners and communities to build mutually beneficial energy projects.”
Mott continued: “Elmantic’s strategy is underpinned by a new era of elevated electricity demand, competitive pricing for renewable energy, and our ability to bring new projects online faster than any source of new generation.
“With potential shake-up in interconnection queues creating new opportunities, as well as our advanced strategy around site selection and development, we see great opening for our targeted strategy.”