Enel Green Power has bolstered its position in the US solar and energy storage markets by acquiring a 3.2GWdc portfolio of solar and solar-storage projects.
The portfolio comprises 24 development-stage projects spread across the Mid-Atlantic, Midwest and Western United States, specifically in the states of New Jersey, Pennsylvania, Delaware, West Virginia, Missouri and Colorado.
The portfolio has been acquired from Dakota Renewable Energy, a joint venture between renewables developer Dakota Power Partners and Eolian.
It includes around 450MW of energy storage capacity, which Enel said were part of several projects planned for the Mid-Atlantic region in order to capture additional revenue streams on offer there.
The deal will add to Enel Green Power’s North America division’s existing presence in the US. It was five solar and wind projects under construction in Texas with a combined generation capacity of 2.3GW, as well as 600MW of battery energy storage projects spread across the US.
In total, Enel Green Power North America manages around 6.6GW of renewable capacity in North America.
Georgios Papadimitriou, president and CEO at Enel Green Power North America, said the acquisition would accelerate the company’s plans for the market.
“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,” he said.
Enel’s acquisition comes as competition in the US market heats up. Last month, oil and gas major BP acquired a 9GW portfolio of solar PV projects in the US from 7X Energy.