Matrix Renewables has acquired a 4.6GW portfolio of utility-scale solar energy projects across the US’ central region. The company bought the portfolio from US-based solar energy company Solarstone for an undisclosed sum.
This will allow MATRIX to increase its backlog of renewable projects in the US and develop new projects in partnership with Solarstone. The projects will be developed across several central US states.
Founded in 2014, Solarstone has developed and sold more than 30 community solar projects currently under construction or in operation. The company is presently focused on expanding its activities into utility-scale renewable energy projects.
MATRIX currently has 2.3GW of renewable capacity currently operational, under construction or nearly ready to build. This capacity consists of solar photovoltaic (PV), wind and storage projects located across North America, Europe, and Latin America.
The company also has a further 7.3GW of capacity in the pipeline and is supported by global alternative asset manager TPG.