Boston-based Galehead Development has sold a 270MW solar development project in the MISO Central region to EDF Renewables (EDFR).
When completed the solar project will serve increasing demand from MISO utilities for low-cost energy resources and growing commitments to renewables by corporations throughout the region.
The transaction marks the third renewable development asset sale between Galehead and EDFR.
In total, Galehead has delivered a 520MWdc pipeline to EDFR spanning the MISO and PJM energy markets and targeting commercial operations beginning between 2023-2024.
Each acquisition has paired Galehead’s market strategies and greenfield development scope with EDFR’s power marketing capabilities and capacity for long-term project ownership.
Galehead executed on its market strategies by siting projects with its proprietary LandCommand software, assembling and achieving site control, conducting feasibility studies and surveys, and securing cost-effective interconnection positions.
Following the acquisitions, EDFR will manage all remaining downstream development scope through commercial operations.
Galehead chief executive Matt Marino said: “We are thrilled to build on our track record of successful project sales to EDF Renewables.
“We look forward to supporting their continued development of the projects and the addition of a half-gigawatt of new renewable resources to the grid by 2025 through this relationship.”