Renewco and Beaufort Rosemary are to target solar developments in the Southeast of the US, such as this project in Florida brought forward by utility Duke Energy. Image: Duke Energy.
Scotland-based renewables developer Renewco Power has acquired a 2GW pipeline of US-based solar and energy storage assets from Beaufort Rosemary.
Renewco, which is backed by British utility giant SSE, is to additionally partner with Beaufort Rosemary on further sites in the US, with the duo having set an aim of bringing 3GW of solar and storage sites to shovel-ready status within five years.
The initial pipeline of assets consists of 1.5GW of early-stage utility-scale solar and 500MW of battery storage projects, and both Renewco and Beaufort Rosemary are to concentrate their efforts in bringing forward projects in the Southeast and Midwest of the US.
The acquisition has been…