Aggreko Energy Transition Solutions Acquires Texas Solar Project
Aggreko, a global leader in energy solutions, announced that the company’s Energy Transition Solutions division has acquired a 13 MW behind-the-meter solar power project site in Texas.
Aggreko ETS will oversee construction, own, and operate the clean energy project in support of a Texas energy producer’s drive to decarbonize operations. Once complete, the system will provide the customer with predictable cost savings and Scope 1 and 2 greenhouse gas emissions reductions under a long-term fixed-price power purchase agreement.
“We’re pleased to complete this transaction and add it to our growing portfolio of solar and storage projects under development in Texas that total over 600 MW,” said Jerry Polacek, Aggreko ETS president.
Prashanth Prakash, Aggreko ETS Chief Commercial Officer, added, “Texas is an attractive market for these types of C&I projects, thanks to its robust solar resource, ease of development, and an efficient ERCOT grid connection process for projects of this size. This project serves as another example of how we help commercial and industrial customers meet their decarbonization goals.”
This acquisition by Aggreko ETS reflects the organization’s deep industry network and proven credibility as domain experts known for reliable execution, strong experience, and an established presence in the rapidly growing ERCOT market.
The Texas acquisition follows several major announcements by Aggreko ETS growing its solar portfolio. In December, the division announced it had acquired nine community solar sites in upstate New York and energized one so far. In May, Aggreko ETS became the strategic capital partner for Farmers Powering Communities, an organization developing community solar in agricultural areas.
More information on Aggreko ETS’s scalable investments and partnerships in clean energy can be found at www.aggreko.com/en-us/ets-nam.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.