Galloway Solar Farm is a 360MW solar PV power project. It is planned in Texas, the US. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the partially active stage. It will be developed in multiple phases. The project construction is likely to commence in 2020 and is expected to enter into commercial operation in October 2021. Buy the profile here.
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Description
The project is being developed by Allianz Capital Partners, Avantus and Skyline Renewables. Allianz Capital Partners and Skyline Renewables are currently owning the project.
Galloway Solar Farm is a ground-mounted solar project.
Development status
The project construction is expected to commence from 2020. Subsequent to that it will enter into commercial operation by October 2021.
Power purchase agreement
The power generated from the project will be sold to Morgan Stanley Infrastructure Partners under a power purchase agreement from 2021. The offtake capacity is expected to be 250MW.
Contractors involved
Renewable Energy Systems Holdings is expected to render engineering procurement construction services for the Galloway Solar Farm (Galloway 2 Solar Farm).
For more details on Galloway Solar Farm, buy the profile here.
About Allianz Capital Partners
Allianz Capital Partners GmbH (Allianz Capital), a subsidiary of Allianz SE, is a private equity firm that invests in infrastructure, private equity and renewable energy sectors. The company's services include project development, financing, construction and operation of offshore wind and solar parks. It also provides consulting, direct investments, merger and acquisition, due diligence and structuring of projects. Allianz Capital also invests in private equity funds market. The company operates in the UK, the US, Germany and Singapore. Allianz Capital is headquartered in Munich, Bavaria, Germany.
About Avantus
Avantus LLC (Avantus) formerly known as 8minute Solar Energy LLC, is a solar energy company. The company develops, constructs, finances, holds, acquires, operates and maintains solar energy projects. The company's service offerings include wholesale market optimization, asset management, energy trading, offtake opportunities, innovative financing structures, among others. It offers smart power plants, these integrate renewable energy production and storage into one seamless, intelligent system that can provide flexible, predictable output to the grid and help utilities dynamically manage load. Avantus is headquartered in El Dorado Hills, California, the US.
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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
