PLT Energy and GGS Energy Form JV to Bring 1 GW of Renewable Energy to Texas

Feb. 22, 2024
Under the JV, the companies will develop and construct their first project, featuring 150 MW of solar and 180 MW of storage in West Texas

PLT Energy US Corp, a subsidiary of an Italian renewable energy and storage provider, has started a joint venture (JV) with GGS Energy to develop more than 1 GW of renewable energy in Texas

The JV - PLT US Solar 1 LLC - will be 80% owned by PLT Energy and 20% owned by GGS Energy. 

"This dynamic JV with GGS Energy offers PLT a platform for international growth into the US market and advances our long-term goals of being a leader in the realization of renewable energy projects globally," said Pierluigi Tortora, Chairman of PLT Energy. 

Under the JV, the companies will work to develop and construct their first project - Indigo Project Phase I - located in West Texas. The project will total 330 MW and feature 150 MW of solar and 180 MW of storage. The JV expects construction to commence in June 2024.

"Joining hands with the PLT group heralds a new era for GGS Energy, where trust, innovation, and expertise converge to fuel our growth ambitions in the renewable energy sector," said GGS Energy CEO David Ramm.