Renewables developer RIC Energy announced the sale of seven photovoltaic plants to decarbonization company Radical Power, according to a March 21 press release.
The plants, located in upstate New York, have a combined capacity of 34 megawatts (MW) and are expected to provide 100% clean energy to more than 8,000 homes “participating in their respective utilities’ community solar programs,” the release stated.
Total investment for the projects is expected to be more than $85 million.
“This strategic expansion aligns with our commitment to geographical diversity and technological innovation, solidifying our position as a premier independent power producer in the U.S. market,” said José Luis Moya, the global CEO of RIC Energy.
In recent months, RIC Energy sold 13 photovoltaic plants in New York with a total capacity of 70 MW to various companies, the release said.
Recommended Reading
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Pitts: US, Qatar Face off in LNG ‘Olympics’
2024-05-03 - In the LNG exporting space, the U.S. is squaring off with its fiercest competitor, Qatar, with both countries expected to outpace Australia