Plenitude, a global leader in renewable energy, has recently made a significant move in the U.S. energy market by signing an agreement with EDP Renováveis to acquire an 80% equity stake in a portfolio of operational PV plants. These plants, including Cattlemen and Timber Road in Ohio, and Blue Harvest in Texas, boast a combined installed capacity of 340 MWac and cover an extensive area of over 1,500 hectares. The anticipated annual energy output surpasses 800 GWh.

This milestone transaction propels Plenitude towards achieving its global renewable energy targets. The company currently stands with an approximate 3 GW of installed capacity from renewable sources and is set to bolster its position further through strategic acquisitions like this.

This move not only significantly expands Plenitude’s foothold in the U.S. energy market but also bolsters its global presence as a key player in the renewable energy sector.

This acquisition marks a strategic leap for Plenitude as it solidifies its position in the U.S. energy market and indicates a promising trajectory towards their ambitious global renewable energy goals.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The solar energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.