Shell Wind Energy and Savion Equity, subsidiaries of Shell plc, will sell 60% of Brazos Wind farm and 50% of Madison Fields PV project in Texas and Ohio, respectively, to InfraRed Capital Partners. Brazos, undergoing repowering, targets 182 MW output by early 2024, and 180 MW Madison Fields is set for completion by year-end 2023. The sale is anticipated to conclude by early 2024, effective from December 2023.
Shell sells wind & solar stakes in Texas & Ohio
Shell will maintain 100% power offtake from Brazos and act as the asset manager for both projects, benefiting from IRA tax credits. Illustration from Pexels.
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)