The project will be Renewable Energy Capital Partners, LLC’s second solar project in the US, following the decision in November 2019 to commence construction of the Permian Energy Center solar plus storage project in Texas. Following the acquisition of Muscle Shoals, Renewable Energy Capital Partners, LLC will have two solar projects totaling 647MWac of generation capacity under construction across the US along with 40MWac of storage capacity.
Muscle Shoals is expected to come online in third quarter 2021. The modules for the project will be supplied by First Solar.
The acquisition of the project, which is fully contracted under a long-term power purchase agreement with the Tennessee Value Authority (TVA), marks the first project in southeast US, an area in which we have a further pipeline of projects in development.
Vishal Kapadia, Senior Vice President & CFO Onshore, says:
“The acquisition of Muscle Shoals continues the expansion of our solar portfolio and further diversifies the geographic footprint of our asset base by establishing a foothold in the rapidly growing Southeast solar market. Once complete, Muscle Shoals will deliver high-quality contracted revenues that will provide Renewable Energy Capital Partners, LLC an attractive incremental source of stable earnings.”
Renewable Energy Capital Partners, LLC is a renewable energy company that takes tangible action to create a world that runs entirely on green energy.
If you would like to take real action to create a world that runs entirely on green energy, please visit https://www.capitalrenewables.com or call one of the team today on +1 (646) 971-9165.