Matrix Renewables acquires 4.6GW US solar development portfolio

Developers Matrix Renewables and SolarStone Partners have also signed a broader development joint venture. Image: Unsplash.

Spanish developer Matrix Renewables has secured a 4.6GW utility-scale solar PV portfolio from developer SolarStone Partners.

Both companies will jointly develop the 4.6GW portfolio across the central US, while looking for newer opportunities across the US.

With this portfolio acquisition, Matrix continues to grow its presence in the US after signing its first US tax equity financing for two solar PV and energy storage system (ESS) projects in California, earlier this year.

Joe DeVito, CEO of SolarStone, said: “We could not ask for a better partner than Matrix Renewables to help SolarStone expand its US utility-scale renewables business.”

With the acquisition, Matrix Renewables has a pipeline of 7.3GW of renewable projects under development across North America, Europe and Latin America.

The company has 2.3GW of solar PV, wind and storage projects that are either operational, under construction or near ready-to-build.

Read Next

October 6, 2022
The US Department of the Treasury and the Internal Revenue Service (IRS) have requested stakeholder input on the climate and clean energy tax incentives included in the country’s Inflation Reduction Act (IRA).
October 6, 2022
Canadian energy company Suncor Energy has reached an agreement to sell its solar and wind assets to Canadian Utilities, an ATCO subsidiary, for C$730 million (US$535 million).
October 5, 2022
The Arkansas Public Service Commission has approved Entergy Arkansas’ 250MW Driver Solar Project located near Osceola in Mississippi County.
October 4, 2022
Heterojunction cell and module manufacturer Meyer Burger is planning to raise funds to accelerate its expansion as it enters the utility-scale segment.
October 3, 2022
Romanian oil company OMV Petrom and state-owned utility Complexul Energetic Oltenia (CE Oltenia) will build 450MW of solar PV in Romania.
October 3, 2022
RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain