RIC Energy, a global renewable energy developer, sold seven PV plants in upstate New York to Radial Power, a distributed energy platform focused on real estate decarbonization. The plants, totaling 34 MW, will power over 8,000 homes. This USD 85 million investment adds to RIC Energy’s recent sale of 13 PV plants in New York. With over 600 MW in upstate development and a US portfolio exceeding 2,000 MW, RIC Energy ranks second in the region. Globally, they operate in a dozen countries across four continents, with a developing portfolio of 20 GW across various renewable projects.
Radial Power acquires 7 PV plants from RIC Energy
Radial Power expands its renewable energy portfolio with acquisition of 7 PV plants. (Image Credit: Businesswire).
With 20 GW HJT production capacity, Huasun reinforces its leadership as a Tier 1 solar module maker. (Image Source: Huasun Solar)
Sterling and Wilson expand their 20.7 GWp portfolio with 305 MW solar project for private IPP. (Image Credit/Source:Fietzfotos/Pixabay)
Runergy retains Tier 1 status, meeting BloombergNEF’s tougher criteria for PV module manufacturers in 2024. (Image Source: Runergy)
The advanced-stage projects will pursue long-term agreements with utilities and commercial customers by 2024. (Image Source: AMPYR Energy)