Germany’s Innogy has signed a development deal with US solar developer Birdseye covering 440MW of future capacity, further expanding its presence in US renewables after last year acquiring a large development portfolio of wind projects from EverPower.
The two deals follow the founding in 2016 of Innogy Renewables US, based in Chicago, which is pursuing US offshore wind opportunities in addition to onshore renewables.
The German energy giant will partner with Birdseye Renewable Energy, based in Charlotte, North Carolina, to develop an initial 440MW of utility-scale PV capacity spread across a dozen projects in the Southeast, among the hottest US solar markets.
The first solar arrays are set to enter construction in North Carolina in early 2019, with other projects to follow in South Carolina, Georgia and Mississippi.
Innogy will have the exclusive right to buy the projects as they become ready for construction, with another company subsidiary – Belectric – to handle installation and O&M.
“Solar power is one of the fastest growing technologies in the energy sector and is becoming increasingly profitable without subsidies in many markets,” says Hans Bünting, Innogy’s chief operating officer for renewables.
“This strategic partnership with Birdseye is an excellent starting point for us to develop and grow a valuable solar business in the US,” Bünting says.
Beyond the initial 440MW pipeline, Innogy will continue to pursue future opportunities alongside Birdseye, the companies said in a statement.