TPG Rise-backed Matrix Renewables and US developer SolarStone have agreed to co-develop a 4600MW portfolio of utility-scale solar energy projects across the central US.
SolarStone, which is the portfolio’s original developer, has also entered into a broader development joint venture with Matrix to develop additional projects.
Matrix and SolarStone will jointly develop the 4.6GW portfolio, while exploring and originating additional opportunities across different markets in the US.
Cindy Tindell, Managing Director, and Head of US for Matrix Renewables, said: “Matrix is very excited to partner with SolarStone in the further development of this portfolio and looks forward to our ongoing collaboration on new opportunities across the country.”
Joe DeVito, CEO of SolarStone, added: “We could not ask for a better partner than Matrix Renewables to help SolarStone expand its U.S. utility scale renewables business.”
Matrix Renewables continues to grow its presence across the US with an expanding team and portfolio, positioning itself as a “leading global renewable energy platform” across North America, Europe, and Latin America.
Matrix Renewables’ portfolio is comprised of 2.3GW of operational, under construction, or near ready-to-build solar PV, wind and storage projects, with a further 7.3GW pipeline.