Copenhagen Infrastructure Partners P/S (CIP), a fund management company based in Denmark focused on energy infrastructure, announced it has entered into an agreement with Plus Renewable Technologies Ltd and Avondale Solar, LLC to acquire their interests in Fighting Jays Solar, a 440 MWdc solar PV project in Fort Bend County, Texas, which they are developing via their affiliate AP Solar Holdings, LLC.
Fighting Jays Solar is expected to break ground in second half of 2020 and be operational by the summer of 2022. Due to its close proximity to the Houston metro area, the Fighting Jays Solar project is expected to experience minimal curtailment and basis risk to the premium Houston Zone of ERCOT (Electric Reliability Council of Texas).
Speaking on behalf of the Sellers, Trevor Nash, the CEO of AP Solar Holdings, LLC said:
“We are very pleased to be working with Copenhagen Infrastructure Partners on the development of Fighting Jays Solar, and, based on the market dynamics and data that we are seeing, Fighting Jays Solar will be well positioned to provide low cost, clean and reliable power to the Houston Zone.”
Christian Skakkebaek, Senior Partner at CIP said:
“We are excited to be involved in Fighting Jays Solar, which is strategically located in the fastest growing load pocket in ERCOT. This transaction signifies another major investment by CIP in the Texas renewable energy market and CIP looks forward to working with our local partners to produce clean energy for the Houston Zone.”