Palladium Energy and Arava Power Company Announce the Sale of 364 MW / 280 MWh Solar + Storage Portfolio to Exus Renewables North America [Yahoo! Finance]
KeyCorp (KEY)
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Source: Yahoo! Finance
announced the sale of a 364MW solar plus 280MWh storage portfolio to Exus Renewables North America (Exus), a Pittsburgh -based renewables owner, developer, and asset manager. Palladium is a leading utility-scale power infrastructure developer in the United States with a robust project pipeline in PJM, MISO, SERC, ERCOT, and WECC. Arava is a global developer-IPP that pioneered the Israeli utility-scale solar market and has recently advanced into the US market. The portfolio consists of three mid-stage projects located in PJM and MISO. Palladium and Arava originated the projects, executed site acquisition, performed diligence and early-stage development, and advanced the projects in their respective interconnection queues. Exus will continue the development, construction and asset management of the portfolio. "We are thrilled to announce the sale of these projects to a leading asset manager like Exus," said Palladium CEO, Danny Weidlich . "The transaction demonstrates the quality of t
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