CleanChoice Energy, a clean energy provider, announced the acquisition of a 29.42 MW solar project in Kylertown, Pennsylvania. The company acquired the project from Prospect14, which led the siting and greenfield development.
The construction of the Kylertown solar project is expected to begin in Q4 2024 and will be the second project CleanChoice owns and operates, among multiple projects in its pipeline.
The project has a planned interconnection date of October 2025. Upon completion, the project will be connected to the PJM electric grid, which supplies renewable electricity to utilities in Pennsylvania, New Jersey, and the surrounding regions.
According to CleanChoice Energy, the solar project will produce enough clean electricity to supply over 5,100 households once operational.
“Our project in Kylertown will double CleanChoice Energy’s solar generation assets, as well as demonstrate how responsible renewable energy generation can support the local community and wildlife,” said Zoë Gamble, President of CleanChoice. “This is part of our long-term strategy to support the growth of 100% green energy in the U.S. and make it more accessible to people – a solution that is critically needed as we all face the dire consequences of climate change.”
According to Mercom’s recently released 9M and Q3 2024 Solar Funding and M&A report, 166 project acquisitions totaling 28.3 GW were transacted in 9M 2024 compared to the same number of project acquisitions totaling 31.6 GW in 9M 2023.
Earlier this month, Enerside, a Spain-based vertically integrated solar company, announced the sale of two Brazilian distributed-generation solar projects totaling 5 MW (6.6 MWp) to IVI ENERGIA, a Brazilian energy company owned by investment fund Brookfield Renovables. Brazilian industrial group Raízen signed a lease contract with Enerside to receive renewable energy produced by the project.
