Matrix Renewables Acquires 4.6 GW

Matrix Renewables acquires a portfolio of 4.6 GW of solar projects in the United States. It is partnering with SolarStone.

Partagez:

Matrix Renewables is a global renewable energy platform supported by TPG Rise. The company announces that it is securing a 4.6 GW portfolio of utility-scale solar power projects. These projects are located in the central United States.

Matrix and SolarStone sign a partnership

Matrix therefore signs a broader development joint venture with SolarStone Partners. This transaction allows Matrix to significantly increase its portfolio of renewable energy projects in the United States. This gives him the opportunity to develop other projects through a new partnership with SolarStone Partners.

Matrix and SolarStone will jointly develop the 4.6 GW portfolio. Thus, they will exploit and create additional opportunities in different markets in the United States.

Cindy Tindell, managing director and U.S. country manager for Matrix Renewables, says:

“Matrix is very excited to partner with SolarStone to further develop this portfolio and looks forward to our continued collaboration on new opportunities across the country.”

Matrix Renewables continues to develop its presence in the US with a growing team and portfolio. The company is now positioned as a leading global renewable energy platform. A platform that operates in North America, Europe and Latin America.

Its current portfolio thus consists of 2.3 GW. This includes photovoltaic, wind and storage projects. These projects are then under construction or almost ready to be built. Note an additional 7.3 GW pipeline.

Matrix Renewables and SolarStone

Matrix Renewables’ current portfolio consists of 2.3 GW of solar PV projects. They are thus operational, under construction or soon to be ready. As well as a 7.3 GW pipeline of renewable energy projects under development in North America, Europe and Latin America.

SolarStone, meanwhile, was founded in 2014 by industry veterans Joe Devito and Kaya Tarhan. They each have over 30 years of experience in the energy sector and have developed thousands of MW of renewable energy projects currently in operation.

To date, SolarStone has developed and sold more than 30 community solar projects under construction or operation and continues to expand into utility-scale renewable energy projects.

This partnership allows both companies to expand in the field of renewable energy in the United States.

  • Populaires ​
CleanCapital acquires 27 MW solar assets and strengthens US presence
BP Prudhoe Bay Royalty Trust puts Prudhoe Bay royalty up for sale
Iran Nuclear: An acknowledged capability long kept quiet
Ocergy launches 15 MW floating wind turbine pilot project with international partners
Maurel & Prom strengthens presence in Angola with strategic offshore acquisition
Austria introduces a 20% bonus for European photovoltaic equipment
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
Longi and Pertamina launch 1.6 GW solar plant in Indonesia
Chinese manufacturer Longi will invest alongside Pertamina NRE in a 1.6 GW site at Deltamas, aiming to strengthen the local photovoltaic chain and capture demand expected under Indonesia’s power plan.
OMV Petrom invests in major 400 MW solar project in Bulgaria
OMV Petrom acquires 50% of the 400 MW Gabare photovoltaic project near Sofia, in partnership with Enery, in a deal valued at approximately €200 million including a potential energy storage solution.
Global SCADA market to reach $3.56bn by 2030
Driven by strong solar adoption, the global SCADA systems market for renewable energy is expected to reach $3.56bn by 2030, with an estimated average annual growth rate of 12.7%, according to MarketsandMarkets.
France: RATP inaugurates its first solar power plant with Urbasolar
RATP and Urbasolar officially inaugurated the Colombier photovoltaic power plant, the first large-scale solar installation operated by the Parisian public transport operator, set to produce 14 GWh of electricity per year.
European Energy secures €70m to fund two major solar projects in Australia
Danish developer European Energy finalises financing deal exceeding €70m for constructing two Australian solar plants, totalling 137 megawatts of installed capacity on the local electricity market.
Zambia secures $26.5mn for the 32 MW Ilute solar project
The African Development Bank financially supports Zambia with $26.5 million for the 32 MW Ilute solar project, structured to avoid reliance on sovereign guarantees.
Emeren Group signs definitive merger agreement to go private
Emeren Group Ltd announces a definitive merger agreement with Shurya Vitra Ltd, providing for the repurchase of shares at $0.20 each, aiming to transform the company into a private entity by the end of September 2025.
Global solar tracker market: growth projected to reach $29.31bn by 2030
The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.
EMBER: Solar with batteries becomes profitable in the world’s sunniest regions
A report from the think tank Ember reveals that falling battery prices now make year-round solar power generation economically viable in the world's sunniest regions.
MondialBox Saint-Nazaire inaugurates 4,500 m² of photovoltaic canopies with ActiSun
MondialBox Saint-Nazaire deploys 2,300 photovoltaic panels covering 4,500 m², annually generating 800 MWh of decarbonized energy, in partnership with SeeYouSun and Sonadev, via ActiSun, a program dedicated to solarizing industrial and commercial spaces.
Equinor launches its first solar power plant in Denmark through subsidiary BeGreen
The Ingerslev Å solar plant, operated by BeGreen, an Equinor subsidiary, begins production in Denmark, adding a capacity of 65 MW and generating approximately 68 GWh annually for the local DK1 electricity market.
Q ENERGY inaugurates Europe’s largest floating solar power plant
Les Ilots Blandin plant, covering 127 hectares in Haute-Marne, has an installed capacity of 74.3 MWp, annually supplying electricity to the equivalent of 65% of the local urban community.
Octopus Energy launches $60 million fund for African energy
Octopus Energy Generation announces an initial $60 million fund dedicated to financing energy infrastructure projects in Sub-Saharan Africa, aiming to raise $250 million over three years, in partnership with Pembani Remgro Infrastructure Managers.
Kuwait launches tender for 1.1 GW solar power project
The Kuwait Authority for Partnership Projects has launched the tender for the 1.1 GW Al Dibdibah and Al Shagaya Phase III Zone 1 solar project, targeting pre-qualified international companies and consortia.
T1 Energy invests $850mn in photovoltaic industrial unit in Texas
T1 Energy commits $850 million to build a five-gigawatt photovoltaic facility in Texas, selecting Yates Construction and benefiting from local tax incentives, with 1,800 jobs anticipated by the end of 2026.
Goldbeck Solar finishes 90 MWp Postomino plant, ties into Polish grid
The German solar developer has completed the 90-megawatt-peak Postomino photovoltaic park in north-western Poland, integrating it with an existing wind farm’s high-voltage line in a cable-pooling arrangement set to supply electricity to about 32,000 homes.
EDF launches a floating solar plant with 70,000 panels in Isère
EDF Renouvelables plans a floating solar plant in Isère by 2027, featuring 70,000 panels integrated with an existing hydroelectric dam, targeting an annual production of 60 GWh.
Scatec secures $479mn financing for major solar project in Egypt
Scatec ASA finalises financing for its hybrid solar-battery Obelisk project in Egypt, securing $479.1 million from international financial institutions for a planned capacity of 1.1 GW solar and 100 MW storage.
Neoen and Engie Await Government Approval to Relaunch Giant Solar Plant
The 800 MW Horizeo photovoltaic project spanning 680 hectares in Gironde awaits governmental authorization linked to France’s Zero Net Artificialization (ZAN) objective to advance permits submitted in early 2024.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS