The whole state of Texas, especially western Texas, is known for its abundant open country areas. They offer great potential for solar and wind projects which raises the state to one of the greatest potential producers of renewable energy in the US.
Moreover, solar farms are more cost effective in West Texas since insolation levels are greater there. In recent years, the capacity of utility-scale solar farms in Texas has increased substantially. No wonder that many renewable energy investors are purchasing interests in solar assets in Texas with hopes to gain profitable returns.
1) Kenlov Renewable Energy (Tel Aviv, Israel)
The Israel-based renewable investment company Kenlov Renewable Energy is an Independent Power Producer which is mainly active in Europe and the US. With a capacity of 1.1GW under development, the company focuses on renewable energy investments in onshore wind, solar and storage assets.
In December 2021, the renewable energy investor signed an agreement with Israeli developer Ashtrom Group to purchase three solar parks located in Texas with a planned capacity of 900MW from Texas-based developer OnPeak Power.
2) Leeward Renewable Energy (Texas, US)
As a portfolio company of OMERS Infrastructure, which is an investment arm of OMERS, the Texas-based company owns and operates utility-scale renewable energy projects across nine states of the US. With a total installed capacity of over 2,500MW, Leeward Renewable Energy focuses on the assets of solar and onshore wind and aspires to realize new acquisition opportunities and developments.
3) Vesper Energy (Texas, US)
Founded in 2015, Texas-based Vesper Energy is an operator of utility-scale renewable energy projects. By accelerating innovative solutions with their investment approach, Vesper Energy commercialized solar projects with a total capacity of over 680MW. Its Hornet Solar Project in Texas with a capacity of 500MW is expected to become operational by 2023.
Image Source: Antonio Garcia via Unsplash (15.07.2022)
