The company has been awarded the project through its US subsidiary, Greening USA, and has signed a construction contract with the facility owner, Zelestra.
The solar plant will sell renewable energy through a renewable energy certificate (EAPA) purchase agreement to support the operations of a large technology company in the region.
The plant, located in the state of Indiana, will occupy a total of 183 hectares, equivalent to 454 football fields.
Greening Group, a global and diversified company focused on the generation, construction of projects and commercialisation of renewable energy, has been awarded the construction of a 60MWac photovoltaic power generation plant that will supply renewable energy to a large technology company at one of its facilities in the state of Indiana, United States.
The group has been awarded the contract through Greening USA, and the construction of the plant will be carried out on an EPC (Engineering, Procurement and Construction) basis.
Major boost to growth in the United States
‘For Greening Group, this project is definitive proof of the success of our commitment to the North American market, which now accounts for 40% of our total portfolio,’ explains Greening Group CEO Ignacio Salcedo. ‘Our growing presence in the US market is one of the pillars of our 2024-2026 strategic plan, which was announced to the market last May,’ Salcedo points out.
The photovoltaic plant, named the Jasper County Solar Project, will cover an area of 183 hectares (equivalent to 454 football fields) and will have a capacity of 60MWac.
Zelestra will sell renewable energy through a renewable energy certificate purchase agreement (EAPA) signed with the end customer to support its operations in the region.
This project is a milestone for both business groups and reinforces Greening’s commitment to the US market, as announced in the 24/26 strategic plan published as Inside Information on 10 May 2024 (the Strategic Plan).
Construction during the fourth quarter of the year
Construction of the plant will begin in the fourth quarter of 2024 and continue through the last quarter of 2025.
The new generation plant will help the state of Indiana, which currently generates 10% of its energy from renewable technology, move towards a carbon-free future. The facility will also generate local wealth and jobs for the community.
About Zelestra
With a portfolio of 25 GW of carbon-free projects in 13 countries, Zelestra is a vertically integrated company specialising in developing, marketing, building and operating large-scale renewable energy projects. Zelestra is made up of 953 professionals worldwide. It is backed by EQT, one of the world’s largest fund managers, with more than €223 billion in assets under management.