Transatlantic renewable independent power producer (IPP) Alternus Energy has acquired a 32MW solar project in Tennessee, US.
The Dancing Horse solar scheme is the largest project in a portfolio of three, known as Sunrise.
Dancing Horse is expected to start operating in first quarter 2025 and should produce annual revenue of approximately $2.3m when fully operational.
Offtake for all the output is already secured by 30-year power purchase agreements with two regional utilities.
Alternus chief executive Vincent Browne (pictured) said: “Dancing Horse is a significant addition to our pipeline, the tip of the spear as we drive growth in the United States.
“Given our solid track record of execution, we believe we will connect this project on time in first quarter 2025, thus further improving our revenue visibility.”