Connect with us

Renewable Energy Times

Sol Systems, Nationwide JV to buy 135 MW of solar in N Carolina

Solar

Sol Systems, Nationwide JV to buy 135 MW of solar in N Carolina


September 18 (Solar) – A joint venture between US companies Sol Systems and Nationwide Insurance has agreed to acquire a 135-MW portfolio of solar projects in North Carolina from Cypress Creek Renewables.

The framework agreement was signed by Helios, a jointly-owned infrastructure fund that the two companies launched earlier this year. “This transaction puts Helios on track to meet its objectives for the coming year and beyond,” Sol System’s CEO Yuri Horwitz said in a statement on Friday.

Helios was set up in February to develop, build and own utility and commercial solar assets. Its approach is based on acquiring projects in the final stages of their development, with its initial goal being to amass a 330-MW-plus portfolio of solar assets across the US in 12 months.

In addition to the deal with Cypress Creek Renewables, Helios will continue to look to buy further portfolios of utility development projects across the US, the owners of the joint venture announced.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Solar

Categories

September 2018
M T W T F S S
« Aug   Oct »
 12
3456789
10111213141516
17181920212223
24252627282930

Follow

Subscribe to notifications
To Top
%d bloggers like this: