European Energy (EE) North America has acquired a majority stake in two solar projects, Sandy Hill Solar and Sand Dune Solar, in Colorado.
The JV with Horus Partners adds 700MW to EE North America’s existing solar pipeline under development, bringing it to a total of 2.5GW among Texas, Arizona, New Mexico, and Colorado.
It also marks a significant step toward the company’s ambitious goal of developing 10GW of renewable energy in the United States by 2026.Lorena Ciciriello, chief executive of EE North America, said: “We are thrilled to enter into this partnership with Horus Partners and continue to grow our rapidly expanding solar pipeline.
“This opportunity marks the entry into the Colorado market where we will build upon the area’s clean energy resources while also creating new American jobs and ensuring local communities benefit for generations to come.”
Horus Partners, EE North America’s JV partner operating under the name Lighthouse Solar, has been empowering and enlightening residential and commercial customers across the Southwestern US for approximately 16 years.
The Sandy Hill Solar and Sand Dune Solar projects are expected to commence construction in 2024, marking a significant milestone towards achieving EE North America’s mission to be a leading global force in promoting the green transition.