Plenitude, through its US subsidiary Eni New Energy, has inked an agreement with EDP Renewables North America LLC. Under this agreement, Plentitude will acquire a 49 per cent equity stake in two photovoltaic plants and an electricity storage facility currently under construction in California, US.
The projects include the Sandrini 100 and Sandrini 200 solar farms, as well as the Sandrini BESS storage facility. Furthermore, the Sandrini 100 and Sandrini 200 solar farms share the same grid connection infrastructure with the Sandrini BESS storage facility. These plants have a combined installed capacity of about 499 MWdc. Out of the total capacity, 245 MWdc corresponds to Plenitude’s share.
EDP Renewables North America LLC is a US based company that develops, owns, and operates over 11 GW of wind, solar, and energy storage projects. It has developed over 12 GW of projects throughout North America. It is present in 8 regions in Europe, North America, South America and Asia-Pacific. Plenitude operates in over 15 countries worldwide. Its business model combines 4 GW of renewable energy production with energy sales and solutions for 10 million customers across Europe.
