Innovative Solar Puts 6 Projects in Texas Worth 1035 MW on Sale

Innovative Solar is offering for immediate acquisition, 6 large-scale solar PV projects worth 1035 MW in Texas.

Innovative Solar Systems (ISS) has announced that it is offering for immediate acquisition of six large-scale solar PV projects in the ERCOT market in Texas, the six solar projects range in capacity from 85 MW to 300 MW for a total of 1035 MW.

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power on the Texas Interconnection that supplies power to more than 26 million Texas customers – representing 90 percent of the state’s electric load

The firm has also informed that all six solar projects are filed and have secured a queue position, with estimated CODs ranging between 2021 and 2023. With their close proximity to major transmission assets and through ISS’s relationships with offtake entities, the six projects represent a valuable investment opportunity within the Texas renewable energy market.

ERCOT is one of the most dynamic, exciting energy markets in the US. Population growth in Texas and the shuttering of the state’s coal plants have combined to create a level of electricity use unlike that of any other area in the country. In fact, ERCOT’s projections for 2020 indicate electricity demand for its in excess of 26 million Texas clients will continue the already rapid pace of growth occurring in the Lone Star state.

In September 2019, Duke Energy Renewables, a subsidiary of North Carolina-based power utility Duke Energy, announced that it was expanding its solar energy portfolio by acquiring the 200 megawatts (MW) / 266 megawatts peak (MWp) Rambler solar project in Texas from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar.

The 200 MW project will utilise more than 733,000 of Canadian Solar’s high-efficiency bifacial BiKu modules across approximately 1,700 acres west of San Angelo, Texas. Rambler will power the equivalent of 40,000 homes, and Duke Energy Renewables will provide long-term operations and maintenance services to the project.