Becket, MA – NorthRenew Energy (“NorthRenew”) announced today the sale of their Lavaca Bay Solar project to a major midstream energy company.
The Lavaca Bay project, located in Matagorda County, Texas, is expected to have over 300MW of nameplate solar capacity and commence construction in the first quarter of 2023 with commercial operations planned for mid-2024. This transaction represents NorthRenew’s third project sale in 2022 and its seventh project sale since the company’s inception in 2017.
Garth Klimchuk, NorthRenew’s Founder and Managing Partner stated, “We are extremely pleased to complete this transaction with one of the largest energy companies in North America and to be working closely with their team to complete construction of the Lavaca project and to complete several more transactions with them.”