Project Finance Brief: Renewco Power Acquires 1.5 GW of Solar Projects in the US

Onward Energy purchases 1,171 MW Solar Portfolio

July 13, 2022

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Renewco Power, a developer of utility-scale solar, wind, and battery projects, announced its expansion into the U.S. by acquiring a 1.5 GW pipeline of early-stage utility-scale solar projects, alongside 500 MW of battery storage projects, from Virginia-based developer Beaufort Rosemary. The two companies will jointly develop more projects, focusing on states in the southeast and Midwest of the U.S., where there is a lower penetration of renewables, and which have new ambitious clean energy generation goals.

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