Matrix Renewables Acquires 4.6 GW US Development Portfolio From SolarStone

Matrix Renewables has acquired a portfolio of 4.6 gigawatt (GW) solar energy projects located in various territories of the central United States, in addition to signing a broader collaboration agreement with the initial partners of the project, SolarStone Partners, reported the global renewable energy platform backed by TPG Rise, which did not specify the amount of the operation.

The firm indicated that the transaction gives it a broad portfolio of renewable energy projects in the United States, as well as the opportunity to develop additional projects with SolarStone Partners.

Matrix Renewables and SolarStone will jointly develop their 4.6 GW portfolio while exploring and creating additional opportunities in different US markets.

The head of Matrix Renewables for the United States, Cindy Tindell, stressed that both groups will work “together” in the development of this portfolio and await “with great expectations” their collaboration in new opportunities in the country.

In this way, Matrix Renewables continues to increase its presence in the United States, with a growing team and positioning itself in renewable energies in North America, Europe and Latin America.

The group’s current portfolio consists of 2.3 GW of solar, wind and storage projects, both operational and under construction or ‘ready to build’, along with a development portfolio of another 7.3 GW. Cohn Reznick Capital and Norton Rose Fullbright served as financial and legal advisors to Matrix Renewables.

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