Tyr Energy Development Completes 333-MW Solar Portfolio in US

Credit: Unsplash/Zbynek Burival

Development Renewables LLC (TED), a subsidiary of Japanese trader Corp, has finalized the development of a 333-MW portfolio in the , which has been sold to utility-scale solar developer and operator Adapture Renewables Inc.

The portfolio comprises three solar projects, with one located in Arkansas and two in , as disclosed by Itochu today.

Adapture will oversee the construction and operation of the projects, with power supply expected to commence in 2026. Once operational, the trio of solar projects is projected to generate sufficient clean energy to meet the demand of approximately 72,000 local homes.

TED's development efforts encompassed various tasks, including securing necessary permits and approvals, power plant design, equipment procurement, and the establishment of long-term power purchase agreements (PPAs).

Established in 2022, TED is actively involved in developing a portfolio of approximately 4 GW of solar power plants and storage batteries. The sale of this portfolio to Adapture, a company affiliated with the LEGO Group, was finalized in December 2023.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link