CleanChoice Energy has announced its acquisition of a 25.2-megawatt peak (MWp) solar park project in Pennsylvania, as part of its ongoing efforts to develop an independent portfolio of photovoltaic (PV) plants. This strategic move represents CleanChoice's inaugural project within its vertical integration strategy, following the majority ownership investment by renewable energy infrastructure investor True Green Capital Management LLC earlier this year. The financial details of the transaction have not been disclosed.
Located on a 168-acre site in Franklin County, the PV park is poised to generate electricity equivalent to the annual demand of approximately 4,500 households. The solar park's output will be integrated into the PJM electric grid.
CleanChoice Energy is gearing up to commence construction on the project in the near future, with plans to bring the facility online in the final quarter of the following year. President Zoe Gamble expressed the company's vision for a farm-to-table buildout strategy aimed at expanding access to renewable energy for a broader population.
CleanChoice's long-term goal is to become a solar power asset owner and electricity retailer, ultimately establishing itself as the first fully independent green generation and retail company in the United States. With a development portfolio of 500 MW in projects, CleanChoice Energy is steadfastly advancing its mission to drive the adoption of clean energy solutions.