Two solar projects are currently underway in Texas and in Ohio that will harness a total of 600MW. Constructed by Hecate Energy, Roseland Solar will be a solar and battery storage facility in Falls County, Texas, and will be transferred to the North American subsidiary of a European utility. The New Market solar project in Highland County, Ohio will be transferred to the Canadian utility Algonquin Power & Utilities once construction is completed. The 500MW Roseland Solar project will be combined with a 50MW battery storage system and is one of the largest projects under construction in Texas. It is expected to start commercial operation by the third quarter of 2022.
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The New Market solar project is a 100MW site that will consist of two separate solar facilities with the first of the projects expected to achieve commercial operation in December 2021. Both projects, once completed, will supply the City of Cincinnati’s full electricity demand which means all the buildings and electrical services owned and operated by the state government will be carbon neutral by the end of 2021. Repsol and Hecate Energy have also signed an agreement for Repsol to acquire a 40% stake in Hecate Energy in an event where Guggenheim Securities acted as the placement agent and exclusive financial advisor to Hecate Energy in connection with the transaction.
“Hecate Energy is proud to play a role in building a renewable energy future for the state of Texas; the combination of resilient, reliable, emission-free solar power and battery storage will enable the Roseland project to help lower power costs, stabilize the power grid, and, increase operational efficiency,” said Craig Overmyer, Hecate Energy’s Senior Vice President of Operations.
“Hecate Energy is at the forefront of transitioning our electric system to emission-free renewable energy. The New Market Solar project in partnership with the City of Cincinnati is leading progress toward a zero-carbon future in Ohio,” said Hecate’s Senior Vice President of Development, Patti Shorr.
