Energy transition solutions platform OYA Renewables and Appalachian-based energy company Oil Well Shares (OWS) have formed a joint venture, Chrysalis Energy, to develop utility-scale solar, wind and energy storage infrastructure projects in the territory served by PJM, a regional transmission organisation that operates in 13 states and the District of Columbia across the eastern US. Chrysalis will deploy more than $3bn of capital across the region by the end of the decade.
Wind turbines on a hill in West Virginia. (Photo by AdamParent via Getty Images)
The deal will initially see around 3GW of renewable energy assets developed by 2030 across 1.5 million acres within Pennsylvania, Ohio and West Virginia. The joint venture will then broaden its clean energy development to the other states in the PJM region – Delaware, …