Sol Systems acquires 190 MW solar undertaking in Texas from ABEI Energy

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By SB Staff January 17, 2023

Washington, D.C.-based Sol Systems LLC has acquired a 190 MW solar growth undertaking in Uvalde County, Texas, from Madrid-based ABEI Energy. Sol Systems acquired the undertaking as a part of its increasing Infrastructure + Impact enterprise. ABEI Energy will proceed to help Sol Systems throughout pre-construction growth.

“This acquisition builds on Sol Systems’ growing footprint in Texas and is part of a strategic effort to grow our national infrastructure platform,” mentioned Mak Nagle, chief growth officer at Sol Systems. “We are excited to expand access to clean energy and to create new opportunities through the lifetime of the project.”

Sol Systems will assemble, personal and function the undertaking, which is able to deliver thousands and thousands of {dollars} in clear energy funding to the local people, create job alternatives, and drive financial development within the county and the encompassing space.

 “This is an important accomplishment towards ABEI’s long-term corporate strategy, enabling us to consolidate our position in the U.S. market,” Elvira Gutiérrez-Marcet, ABEI’s head of M&A. “Having worked closely with the county on this project since 2019, it is a great pleasure to see the project is close to starting construction and we are excited for the positive impact it will bring to the local community. Moving forward, ABEI remains committed to developing renewable energy projects in North America and Europe.”

Founded in 2008, Sol Systems is a nationwide solar energy agency that has developed or financed greater than 1.4 GW of solar tasks valued at greater than $1 billion and serving greater than 20,000 U.S. clients. The firm is actively growing greater than 1.1 GW of recent solar tasks throughout the United States.

ABEI Energy is an Independent Power Producer (IPP) that integrates the administration of electrical energy era tasks from renewable sources by means of PV, solar thermal, wind and hydrogen applied sciences, with greater than 15 GW underneath growth worldwide.

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Tags: ABEI Energy, acquisition, Community Solar, undertaking, Sol Systems

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