Friday, October 16, 2020

EDF Renewables North America Acquires 4.5 Gigawatt Solar Portfolio

San Diego-based solar power developer EDF Renewables North America said on Friday that it is acquiring a 4.5 gigawatt solar portfolio, being developed by Geenex Solar, LLC. Financial details of the acquisition were not announced. According to the companies, Geenex was founded in 2012, and will help bring regional development expertise to EDF Renewables. EDF Renewables transaction will accelerate its growth in the PJM wholesale electricity market. PJM Interconnection is a regional power grid interconnect operation that serves the Southeast and Midwest.

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