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.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)