US investor Competitive Power Ventures (CPV) has completed the acquisition of two solar farms totalling 460MW from Belltown Power USA Development for an undisclosed price.
The projects are the 360MW Prairie Dock in Illinois and the 100MW Stonecrop in Kentucky.
They are both are expected to start construction in the second half of 2023.
Once operational these two projects are expected to generate enough electricity to power approximately 87,000 homes.
CPV chief executive Gary Lambert said: “This acquisition builds on CPV’s strategy to rapidly expand our renewable footprint as we lead America’s transition to a clean, responsible energy future.
“We look forward to working with Belltown Power to bring these solar projects to fruition as we work towards a low-carbon future.”
Belltown Power chief executive Hernan Farace said: “We are excited to have completed this transaction with CPV.
“Our teams worked seamlessly throughout the execution process, and we look forward to supporting CPV in the ongoing development of these projects – and hopefully many more to come.”
CPV currently has approximately 3GW of renewable energy projects in development.