EDF Renewables North America has acquired a pipeline of more than 20 US solar assets from project developer Geenex Solar, totalling more than 4.5GW of capacity.

The transaction consists of a portfolio of up to 4.5GWac of projects located in PJM, a regional transmission organisation for 13 US states and the District of Columbia, with the first parks expected to begin commercial operation in 2023.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

EDF said the deal will accelerate its growth in PJM to meet the growing demands of corporate and utility customers seeking cost-effective renewable energy.

EDF Renewables and Geenex previously collaborated on the development and construction of the Pecan and Gutenberg solar projects, which are located in North Carolina and were sold to Dominion Energy.

Hanson Wood, vice president, strategic development initiatives, EDF Renewables (EDFR), hailed Geenex Solar’s regional approach and strategy of entering markets early. “Geenex, as the largest holder of development assets in PJM market, enables EDF Renewables to expand into over five key states where solar is poised to be a market-leading technology,” he said.

Founded in 2012, Geenex is focused on PJM interconnected projects in the US Southeast and Midwest, and has developed solar parks ranging in size from 20MW to more than 400MW.

“Having an industry leader such as EDFR recognise the strength and value of Geenex-developed projects is quite a testimony to the hard work of the Geenex Solar team. Our regional approach has enabled us to build a competitive development pipeline of over 20 projects in the PJM market,” said Georg Veit, CEO of Geenex.

EDF Renewables’ North American portfolio consists of 16GW of developed projects and 11GW under service contracts. The company earlier this year sold a 50% stake in 689MW of US solar assets to Abu Dhabi-based Masdar.

UPCOMING EVENT

PV CellTech USA 2025

7 October 2025

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

UPCOMING EVENT

PV ModuleTech USA 2026

16 June 2026

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.