international company buys Raleigh solar farm | New
Enel Green Power North America, the US arm of Italian company Enel Green Power, has purchased a Grandview solar farm that is being developed by a Colorado company, according to a press release from the company.
Enel acquired the Raleigh solar farm from Dakota Renewable Energy on July 13. When completed, the solar farm is expected to generate 93 MW of solar power, enough to power 16,000 average American homes for a year.
The Raleigh Solar Farm is part of a 3.2 GW portfolio of solar and solar plus storage projects that Enel Green Power North America has acquired from Dakota Renewable Energy, Enel said.
The 24 projects in the development phase, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are scheduled for commercial operation from 2023.
The 24 projects acquired by Enel are located in West Virginia, New Jersey, Pennsylvania, Delaware, Missouri and Colorado.
Raleigh Solar, which was created by Dakota Renewable Energy of Denver, signed an agreement to buy approximately 600 acres on Grandview Road where it planned to place 1,000 solar panels.
The Raleigh Commission reached an agreement last September with Raleigh Solar to pay taxes to the county, based on the amount of electricity produced by the farm, over a 15-year period, provided the payments exceed the receipts. tax that the property would generate.
The deal has a two percent per annum inflator on most payments through year 15, while an adjustment from years 16 to 20 will tax personal property in a manner comparable to how farms solar panels in other states are taxed.
Under the deal – which had the strong backing of the Beckley-Raleigh Chamber of Commerce – Dakota was responsible for treating the soil and putting up a bond to take down all panels after the 15 years had passed. .
Raleigh County Administrator Jay Quesenberry said on Tuesday cleanup responsibilities were ongoing.
“They have to figure out what to do with what’s left, when this project comes to an end, and they destroy it,” he said. “They will be working on this part.
“I don’t have a lot of information on this.”
Quesenberry said County Attorney Bill Roop was notified earlier this month of the purchase.
âAs the momentum continues to build for clean energy in the United States, we are accelerating our own growth plans by adding this significant portfolio of solar projects to our mid-term development pipeline,â said Georgios Papadimitriou, President and Chief Executive Officer of Enel Green Power North. America. âAs we enter new markets in the Mid Atlantic and West, Enel Green Power will incorporate our successful community-centered development approach that has enabled us to become one of the US leaders in renewable energy over the course of of the past two decades. These projects will play a key role in our efforts to help states meet their clean energy goals, spur job creation and meet growing business demand for renewable energy.
Several of the mid-Atlantic solar projects included in the deal will include coupled battery storage to capture additional value streams and add resilience to the electricity grid as the country shifts to clean energy, the company said. Enel Green Power is a leader in hybrid renewable and storage projects with five such plants under construction in Texas – part of 2.3 GW of wind and solar capacity and approximately 600 MW of battery storage Enel Green Power built at across the United States, according to the Liberation press.
Projects were initiated and development work was carried out by Dakota Renewable Energy, a joint venture between subsidiaries of Dakota Power Partners and Eolian.
Quesenberry said on Tuesday he had spoken with officials in Dakota.
âThey are going to continue to help in this area, but they say that Enel is one of the first companies producing solar energy in the world,â said Quesenberry. âThis company is, really, from what I have been told, a very good company with a good reputation.
“Dakota will continue to help them get this project started.”
Dakota officials told Quesenberry they expect the solar farm to be operational by 2023.
Enel Green Power North America is a leading developer, owner and long-term operator of renewable power plants in North America, with a presence in 14 US states and one Canadian province. The company operates 58 power plants with a managed capacity of more than 6.6 GW powered by renewable wind, geothermal and solar energy, according to Enel’s website.
Led by energy industry veterans, Dakota Power Partners works closely with local communities, landowners, commercial and industrial customers, and utilities to develop large-scale clean energy projects.
The Dakota Power Partners team has been involved in the development of more than 3,300 megawatts of wind and solar projects in operation and under construction in the United States, representing an overall capital investment in rural communities of over 4.1 billion dollars, according to data provided by Enel. For more information on Dakota Power Partners, visit dakotapp.com.
Eolian (formerly MAP RE / ES) is a holding company of Global Infrastructure Partners (GIP) and has been an innovative investor in renewable energy projects since 2005, directly financing the development of over 19 GW of wind, solar and wind capacity. energy storage facility that is currently in operation or under construction across the United States, Enel reported.