US independent power producer Broad Reach Power has acquired a 250MW wind farm and 250MW solar plant in the US state of Montana from Invenergy for an undisclosed price.
The projects are located in Billings and are expected to be online in 2022 and 2023, respectively.
They join an existing portfolio of solar and battery storage assets also located in Billings owned by Broad Reach.
They are part of the company’s broader portfolio in the Pacific Northwest, where it has a pipeline of more than 1.4GW of renewables projects and more than 900MW of storage facilities.
Broad Reach Power developer Daniel Zolnikov said: “I am looking forward to begin developing these projects as we continue investing in Montana.
“Once completed, these projects will provide much needed reliability to the region’s grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley.”
Broad Reach Power vice president of development James Ferguson said: “Similar to Texas, where we have become the leading owner of storage projects in the ERCOT interconnection queue in just over a year, we have also built a dynamic portfolio of both renewable power and standalone storage power plants in the Pacific Northwest through greenfield development and M&A in an equally short amount of time.”