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

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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.”

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