Sammons Renewable Energy purchased a 194 MW DC utility-scale solar portfolio in North Carolina from North Carolina-based independent power producer Heelstone Energy Holdings, who will maintain and manage the assets.
Heelstone currently supports operations and maintenance for more than 275 MW (dc) of projects.
Financial details of the project were not disclosed at press time.
Sammons Renewable Energy is owned by Sammons Enterprises, a Texas-based holding company which owns $84 billion in assets across various markets. Its renewable energy portfolio is managed by Pennsylvania-based Franklin Park Investments, which has a portfolio of infrastructure investments around the world, including solar.
“We are confident that the portfolio has found an ideal long-term home with Sammons,” said Will Owens, member of the board of managers and managing director of Heelstone. “As we look to the future, we are well positioned with our current pipeline to develop and bring additional solar PV projects to completion.”
“The Heelstone assets are a compelling fit for the Sammons portfolio,” said Kevin Lapidus of Franklin Park.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.