S&B USA, the company previously known as Shikun and Binui America, announced this Wednesday it acquired an entire solar project from the U.S-based energy company Savion.
Firstly, the acquisition agreement was for the 260-megawatt solar complex, located around 40 miles south-west of Houston, in Brazoria County. The plant is called Brazoria West Solar project, and it has a capacity of 260 MWdc or 200 MWac.
Secondly, the facility is at its first stages of development. The company expects to start construction works in the beginning of the second quarter of this year.
Thirdly, when operational, the whole facility will generate enough power to supply around 37,100 American homes, in the state of Texas.
Moreover, the facility also has one commercial and industrial Power Purchase Agreement; and other PPA with an energy trading company, already secured.
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S&B USA with a continued expansion of its portfolio in America
In addition, S&B Concession CEO Allon Raveh, said. “Shikun and Binui continues to expand its operations and asset base in the US. With the continuous penetration of renewable energy in the US market, we are excited to continue to grow our US renewable energy portfolio; we believe it will become an increasingly important portion of our activity in the country.”
On the other hand, S&B USA Energy head Kevin Yaich, said. “It’s exciting to get into the mid‐stage of solar energy development and see it through construction and operations. We will continue to build upon our renewable energy portfolio and are actively pursuing other assets at this time.”
In fact, for S&B USA this will be the third renewable energy asset acquired in American soil. The first ones being the Beacon II and Beacon V solar projects in California in late December. Specifically, it was for a 49,5% interest in the 107 MW total Beacon portfolio, along with the investment firm TortoiseEcofin.
Finally, the Beacon project is divided in two assets; the Beacon II with 59,6 MW of capacity, and also the Beacon V, with 48,2 MW; both of which produce solar energy, and then trade it to the Water and Energy Department of Los Angeles, in California.