Greenbacker Renewable Energy Company has purchased a 20-MWdc pre-operational solar portfolio from utility-scale solar developer TUUSSO Energy through a wholly-owned subsidiary.
The three 6.7-MWdc projects in the portfolio are the firm’s first assets in Washington. The projects are located in Camas, Penstemon, and Urtica and are expected to reach commercial operation in 2022.
The projects have long-term power purchase agreements in place with an investment-grade utility off-taker.
The renewable energy produced by the projects will contribute to Washington’s goal of reaching carbon neutral electricity production by 2030 and 100% clean power by 2045. Washington has solar policies in place, including tax exemptions for solar energy equipment and a net metering incentive, to support the transition to clean energy.
“We’re thrilled to enter a new market with three projects that will deliver cheaper clean power to consumers. This expansion is the result of a successful long-term collaboration with the solar development experts at TUUSSO,” GREC CEO Charles Wheeler said. “We’ve been involved with the portfolio since the planning stage, and today we’re very pleased to include it in our fleet of renewables projects driving a clean energy future in the state of Washington.”
In September, Greenbacker acquired a pre-operational 41-MW solar project in Michigan. Early this year, the power producer bought solar develops in New England.