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European Developer Announces JV For Over 1 GW Of Renewable Energy In Texas
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PLT Energia (PLT), which is described as one of the largest independent Italian groups in the renewable and energy storage sector, announced that its subsidiary PLT Energy US Corp has entered into a joint venture with GGS Energy LLC to develop more than 1 GW of renewable energy in Texas.
The joint venture's first project will be the development and construction of its Indigo Project Phase I, located in West Texas and totaling 330 MW: 150 MW of PV and 180 MW of storage. Construction is expected to commence in June 2024.
The newly formed joint venture company, PLT US Solar 1 LLC, is 80% owned by PLT Energy US Corp and 20% owned by GGS Energy.
GGS Energy, a subsidiary of Glacier Global Partners, was formed in 2020 as an energy transition company focusing on developments of utility-scale renewable energy projects in the U.S. with an initial focus on photovoltaic projects.
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February 20, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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