Expanding Renewable Energy with Texas Solar Project Acquisition

HOUSTON, February 1st, 2024 -- Aggreko, a global leader in energy solutions, today announced that the company’s IPP Solutions division has acquired a 13 MW behind-the-meter solar power project site in Texas.

Aggreko IPP Solutions will oversee construction, own, and operate the clean energy project in support of a Texas energy producer’s drive to decarbonize operations. Once complete, the system will provide the customer with predictable cost savings and Scope 1 and 2 greenhouse gas emissions reductions under a long-term fixed-price power purchase agreement.

“We’re pleased to complete this transaction and add it to our growing portfolio of solar and storage projects under development in Texas that total over 600 MW,” said Jerry Polacek, Aggreko IPP Solutions President.

Prashanth Prakash, Aggreko IPP Solutions Chief Commercial Officer, added, “Texas is an attractive market for these types of C&I projects, thanks to its robust solar resource, ease of development, and an efficient ERCOT grid connection process for projects of this size. This project serves as another example of how we help commercial and industrial customers meet their decarbonization goals”.

This acquisition by Aggreko IPP Solutions reflects the organization’s deep industry network and proven credibility as domain experts known for reliable execution, strong experience, and an established presence in the rapidly growing ERCOT market.

The Texas acquisition follows several major announcements by Aggreko IPP Solutions growing their solar portfolio. In December, the division announced it had acquired nine community solar sites in upstate New York, and energized one so far. In May, Aggreko IPP Solutions became the strategic capital partner for Farmers Powering Communities, an organization developing community solar in agricultural areas.

More information on Aggreko IPP Solutions’s scalable investments and partnerships in clean energy can be found at IPP Solutions & Services.