Renewco Power is expanding its platform into the US with the acquisition of a 1.5GW pipeline of early stage utility-scale solar projects, alongside 500MW of battery storage projects, from Virginia-based developer Beaufort Rosemary.
As part of the deal, the Edinburgh-based renewable power business is also forming a partnership with Beaufort Rosemary to jointly develop more sites, with the goal to bring 3GW of solar and storage projects to the ‘ready to build’ stage within five years.
The venture will focus on states in the south east and midwest of the US, where there is a lower penetration of renewables and which have new ambitious clean energy generation goals.
