Longroad Energy Holdings Invests in 3GW Solar Portfolio

By Anca Gagiuc

Agua Caliente Solar Project

Austin, Texas—Longroad Energy Holdings LLC announced it has acquired a 3.0 gigawatt (GW) solar development from Austin-based 7X Energy Inc. The portfolio includes projects located across the U.S., in several of Longroad’s target markets. The two companies will team up to develop these projects.

“We are pleased to be working together with 7X to bring these projects to market, and excited to accelerate our solar platform,” Charles Spiliotis, CIO of Longroad, said in a prepared statement. “7X is bringing in-depth market knowledge and an accomplished team that can get these deals done.”

Longboard has developed, financed, built and monetized nearly 4 gigawatts of utility-scale renewable projects within the United States, including the completion of 12 utility-scale solar projects comprising nearly 1.5-gigawatts of total capacity.

“We are enthusiastic about our relationship with Longroad,” added Clay Butler, president & CEO of 7X. “We’ve already proven the success of our approach by developing a 3.0 GW solar portfolio independently. Now, by working with Longroad, we will ramp up our ability to source, finance and build utility-scale solar projects. This is a powerful way for both of our companies to offer utilities and large commercial customers a simpler, faster, lower-risk path to meeting their renewable energy needs.”

Image courtesy of Wikimapia