European Energy North America has partnered with Elio Energy to develop a pipeline of 2GW of solar power generation and energy storage in Arizona and surrounding states.
The projects are expected to start construction gradually between 2023 and 2025.
“Our partnership with Elio Energy is another step forward in EE North America’s growth story.
“This portfolio will provide the clean energy that customers demand while also making a significant contribution to meeting net zero goals in the region,” said Lorena Ciciriello, CEO of EE North America.
“We look forward to working with Elio Energy on this major investment in the future of energy in region.”
“The partnership with European Energy will accelerate the development of large-scale solar and storage projects in Arizona and surrounding states by providing the requisite financial security while supporting the renewable procurement goals of the IOU’s and Cooperatives,” said Daven Mehta, CEO of Elio.
“We have a large pre-development pipeline and are well on the way towards our mutual goals in support of European Energy.”
Earlier this year EE North America announced its entrance into the US market to develop 10GW of renewable energy in the US by 2026.