EDF Renewable Arm Buys 270 MW US Solar Project from Galehead

EDF Renewables (EDFR), the renewable arm of the French utility EDF Group, has bought a 270 megawatt (MWdc) solar development project in the MISO Central region from Galehead Development, an independent Boston-based energy development platform.

A leading independent power producer and service provider, EDFR has 35 years of experience in renewable energy. When completed the solar project will serve increasing demand from MISO utilities for low-cost energy resources and growing commitments to renewables by corporations throughout the region.

The transaction marks the third renewable development asset sale between Galehead and EDFR. In total, Galehead has delivered a 520 MWdc pipeline to EDFR spanning the MISO and PJM energy markets and targeting commercial operations beginning between 2023-2024. Each acquisition has paired Galehead’s market strategies and greenfield development scope with EDFR’s power marketing capabilities and capacity for long-term project ownership.

Galehead executed on its market strategies by siting projects with its proprietary LandCommand™ software, assembling and achieving site control, conducting feasibility studies and surveys, and securing cost-effective interconnection positions, said Galehead.

Following the acquisitions, EDFR will manage all remaining downstream development scope through commercial operations. Earlier this month, EDFR North America signed signed a 15-year power purchase agreement with electricity provider Clean Power Alliance for the Desert Quartzite Solar-plus-Storage project, which consists of of a 300 megawatt (MWac) solar project coupled with a 600 MWh battery energy storage system (BESS).

“We are thrilled to build on our track record of successful project sales to EDF Renewables. We look forward to supporting their continued development of the projects and the addition of a half-gigawatt of new renewable resources to the grid by 2025 through this relationship,” said Galehead CEO Matt Marino about the current transaction.

Galehead Development is a technology, greenfield development, and asset management platform for Impact Infrastructure investments. Since 2016 Galehead has originated and developed a 8 GWdc pipeline of renewable projects either sold to or presently under joint development with third-party IPPs, including 5 GW in MISO and 2 GW in PJM.