Merit SI and KOMIPO America announced the execution of a Joint Development Agreement to complete the development and construction of the 150-MW Concho Valley Solar project located in Tom Green County, Texas.
“We are pleased to partner with KOMIPO America on Concho Valley Solar, a project which will bring customers in the ERCOT market emissions-free, on-peak power at great value for many years to come,” said Richard Gruber, CEO at Merit SI.
Concho Valley Solar will deploy Merit SI’s advanced power plant controls platform, capable of enabling intermittent renewable power plants to generate incremental revenue by providing reliability services to the power grid. The Merit SI power plant controls system is currently managing 500 MW of solar power plants on the ERCOT grid.
“The teams at Merit SI and KOMIPO are well-suited partners to bring Concho Valley Solar to fruition given our complementary capabilities and well-aligned vision. We have a long-standing, successful relationship working together on similar pursuits, which is vital to achieving our joint goals,” said Tom Kuster, Merit SI’s CEO.
Merit SI is a utility- and industrial-scale renewable energy project developer. KOMIPO America is the U.S. subsidiary of Korea Midland Power Co., a global power company headquartered in South Korea.
“We are pleased to partner with the experienced and talented team at Merit SI, which has a history of developing, engineering and executing innovative, high performing, utility-scale solar power plants since 2007,” said Brian Jeon, KOMIPO America Vice President. “Concho Valley Solar will support KOMIPO’s long-term plan to expand in the U.S. renewable energy market.”
News item from Merit SI