Renewable energy developer EE North America has partnered with Elio Energy to develop a pipeline of 2 GW of solar power generation and energy storage in Arizona and surrounding states with projects expected to start construction gradually between 2023-2025.
“Our partnership with Elio Energy is another step forward in EE North America’s growth story. This portfolio will provide the clean energy that customers demand while also making a significant contribution to meeting net-zero goals in the region,” said Lorena Ciciriello, CEO of EE North America. “We look forward to working with Elio Energy on this major investment in the future of energy in the region.”
EE North America entered the U.S. market earlier this year with the ambition to develop 10 GW of renewable energy in the United States by 2026, helping state and local governments across the U.S. achieve net-zero goals.
“The partnership with European Energy will accelerate the development of large-scale solar and storage projects in Arizona and surrounding states by providing the requisite financial security while supporting the renewable procurement goals of the IOU’s and cooperatives,” said Daven Mehta, CEO of Elio. “We have a large pre-development pipeline and are well on the way towards our mutual goals in support of European Energy.”
EE North America’s parent company, European Energy, has developed solar, wind and “Power-to-X” projects globally, having recently secured the development of the largest offshore wind turbine to date.
News item from EE North America
“EE North America entered the U.S. market earlier this year with the ambition to develop 10 GW of renewable energy in the United States by 2026, helping state and local governments across the U.S. achieve net-zero goals.”
Not that this is a great idea and more of this needs to be done. There has been a lesson to be learned from Australia around six years ago. Some territories pushed solar PV installations to the forefront and found investors who funded several large scale solar PV farms. The farms were built, but in Australia the NEM was slow in getting transmission infrastructure constructed. Many of these early solar PV farms floundered by not being able to sell as much energy as the facility could generate each day. Some solar PV farms floundered and went out of business due to lack of transmission lines to the site and no electricity revenues when the bills came due. THIS is NOT a field of dreams pundit, “If you build it, they will come.” Elio and European Energy need to be proactive in the ability to have effective transmission infrastructure in place to handle an aggregate 2GWp of solar PV farms in a region each day.