RAI Energy acquires ownership interest in 70MW PV project in Florida

Latest

Facebook
Twitter
LinkedIn
Reddit
Email
he HERO project is currently in advanced development in Hamilton County, Florida, and is expected to enter operation in 2019. Image: RAI Energy

RAI Energy International has acquired an ownership interest n a 70MW PV project from Hamilton Energy Resource Opportunities (HERO) — allowing RAI to strengthen its North American PV solar portfolio.

The HERO project is currently in advanced development in Hamilton County, Florida, and is expected to enter operation in 2019. RAI Energy will serve as co-developer for the HERO project along with Jack Levine and the HERO team.

Jack Levine, HERO's managing director and founder, said: “We're excited to bring RAI's 75 years of energy sector experience to this project. RAI will help us ensure we can meet growing demand for solar energy in Florida. We want to continue to acknowledge the exceptional and ongoing support and assistance of Hamilton County, its Economic Development Authority, County Commissioners, officials and citizens without whom the project's road to completion would not have been possible.”

HERO recently reached out to Duke Energy Florida to undertake a restudy to ensure the project reaches the maximum technological efficiencies currently available.

RAI president and CEO Mohammed S. Alrai noted: “RAI is encouraged to see more favorable market conditions in the Florida solar energy sector as evidenced by Duke Energy's and Tampa Electric Company's recent announcements to add 700 MW and 600 MW, respectively, of solar energy.”

3 May 2023
Large Scale Solar Summit is coming back to the US after a sell-out year in 2022! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. Join us in Texas to meet with the top players in the industry and expand your network as business booms.
6 June 2023
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2023 & 2024. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events