BP has secured an agreement to acquire 9GW of US solar projects from developer 7X Energy, a deal it says represents “a significant step” towards the company’s target of growing its net developed renewables capacity to 20GW by 2025.
Developer's plan to ensure projects can tap into 30% ITC rate before it tapers follows similar move by installer SunPower, which bought 200MW of panels this week.
7X Energy has entered into a second power purchase agreement for the remaining power of its 690MW Taygete Energy Project, located in Pecos County, Texas.
Developer and asset manager Longroad Energy Holdings has acquired a 3GW US-based solar development portfolio from Austin-based renewables firm 7X Energy.
