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- Redeux Energy Sells 450 MWdc Portfolio to Pine Gate
Redeux Energy Sells 450 MWdc Portfolio to Pine Gate
Slice of Energy Team
June 17, 2024
Key Highlights:
450 MWdc solar and storage project portfolio sold to Pine Gate Renewables.
Projects located in the MISO South energy market.
First transaction from an eleven-project, multi-state 1.7 GWdc portfolio.
Redeux Energy plans to bring additional multi-GW portfolios to market annually.
Source (PR Newswire)
Notable Quotes:
"This transaction demonstrates that the scale and quality of projects we are delivering aligns with the needs of world-class IPPs as well local landowners and communities."
"Redeux Energy developed turnkey assets that will be competitive additions to our growing MISO pipeline."
"This sale is a tremendous milestone for Redeux Energy to achieve, validating both the quality of our projects and the market demand from top tier owner-operators."
"Redeux has capitalized on the rising demand for renewables across the MISO market by using an impressive, structured development process. Redeux is well-positioned for further growth, and we look forward to collaborating on future opportunities."
Our Take:
Redeux Energy's recent sale of a 450 MWdc solar and storage project portfolio to Pine Gate Renewables underscores the growing demand for renewable energy in the MISO South market. This strategic move not only enhances Pine Gate's operational portfolio but also signifies Redeux Energy's capability to deliver high-quality, utility-scale projects. The involvement of Marathon Capital and the backing of Cathexis Holdings highlight the robust financial and strategic support behind Redeux's ventures. As the renewable energy sector continues to expand, Redeux's systematic development process and exceptional management team position it for sustained growth and success in meeting the energy transition goals of leading IPPs.