Standard Solar, a solar energy company specializing in developing and financing solar electric systems, announced the acquisition of a 9.9 MW behind-the-meter solar project named ‘Bluebonnet’ in Texas from EDF Renewables North America.
EDF Renewables’ Distribution-Scale Power team developed the project and will continue to perform the role of EPC contractor throughout the construction phase. Standard Solar will be the long-term owner and operator. The Bluebonnet project is slated for completion in Q2-2024, with construction efforts underway.
The acquired solar project features bifacial modules on single-axis trackers and is being developed on a greenfield site in McGregor, Texas. The project is expected to yield approximately 25,000 MWh of clean, renewable energy annually.
“This project is exciting for EDF Renewables, having been in the works for quite some time,” commented Lincoln Lande, Vice President of Business Development at EDF Renewables. “We are fortunate to have cultivated a strong partnership with the Messer team, all while collaborating with our longstanding partner, Standard Solar. It is gratifying to play a pivotal role in facilitating Messer’s expansion in Texas through renewable energy sources.”
“This exciting project reinforces our position as a dominant player in the industry, now operating in 23 states,” added Mike Streams, Chief Development Officer of Standard Solar.
According to Mercom’s 9M and Q3 2023 Solar Funding and M&A Report, in the first nine months (9M) of 2023, there were 166 project acquisitions for 31.6 GW compared to 207 projects for 52.1 GW in 9M 2022.
Adapture Renewables, a utility-scale solar and energy storage project developer, recently announced the acquisition of three solar power projects totaling 450 MWdc/ 333 MWac in MISO territory in Illinois and Arkansas from Tyr Energy Development (TED) Renewables.