Enel Green Power North America has acquired a 3200MW portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian.
The 24 development-stage projects, including 450MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned for commercial operation beginning in 2023.
Enel Green Power North America president and chief executive Georgios Papadimitriou said: “While momentum continues to build for clean energy in the United States, we are accelerating our own growth plans by adding this substantial portfolio of solar projects to our medium-term development pipeline.
“As we enter new markets in the Mid-Atlantic and West, Enel Green Power will integrate our successful community-centered development approach that has enabled us to become one of America’s renewable energy leaders over the last two decades.
“These projects will play a key role in our efforts to help states reach their clean energy targets, spur job creation and meet rising corporate demand for renewables.”
The 24 projects acquired by Enel Green Power are located in New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and Colorado.
Several of the Mid-Atlantic solar projects included in the transaction will feature paired battery storage to capture additional value streams and add resiliency to the power grid as the nation transitions to clean energy.
Enel Green Power is a leader in hybrid renewable + storage projects with five such plants currently under construction in Texas – part of 2300MW of wind and solar capacity and around 600MW of battery storage Enel Green Power is constructing across the US.
The projects were initiated and development work was performed by Dakota Renewable Energy, a joint venture between affiliates of Dakota Power Partners and Eolian.
Dakota’s co-founder and principal Jay Schoenberger said: “We’re very happy to work with Enel Green Power North America as they grow their renewable energy portfolio in the US.
“Under Enel Green Power’s stewardship, this outstanding portfolio of solar farms will produce cost-effective zero-emissions power, create jobs, and deliver major economic benefits to the communities hosting these significant investments.”
Enel Green Power North America is a leading developer, long-term owner and operator of renewable energy plants in North America, with a presence in 14 US states and one Canadian province.
The company operates 58 plants with a managed capacity of over 6600MW powered by renewable wind, geothermal and solar energy.