European Energy (EE) North America has taken a step closer to achieving its goal of developing 10GW of renewable energy in the United States by 2026 with the acquisition of a majority stake in two solar projects, Sandy Hill Solar and Sand Dune Solar, in Colorado. The joint venture with Horus Partners will add 700MW to EE North America's existing solar pipeline, bringing it to a total of 2.5GW among Texas, Arizona, New Mexico, and Colorado.
Lorena Ciciriello, CEO of EE North America, expressed excitement at the prospect of growing the company's solar pipeline and expanding into the Colorado market. Ciciriello stated, “This opportunity marks the entry into the Colorado market where we will build upon the area's clean energy resources while also creating new American jobs and ensuring local communities benefit for generations to come.”
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Horus Partners, operating under the name Lighthouse Solar, has been empowering residential and commercial customers across the Southwestern US for approximately 16 years. The acquisition of a majority stake in the Sandy Hill Solar and Sand Dune Solar projects will enable EE North America to expand its reach and make a significant contribution to the green transition.
The Sandy Hill Solar and Sand Dune Solar projects are expected to commence construction in 2024. This investment marks a significant milestone towards achieving EE North America's mission to be a leading global force in promoting the green transition.
In an exclusive interview, Ciciriello shared her enthusiasm for the acquisition and the future of renewable energy in the United States. “We are thrilled to continue to grow our rapidly expanding solar pipeline and enter into this partnership with Horus Partners. We believe that renewable energy is the key to a sustainable future, and we are committed to making a positive impact in the communities where we operate.”
When asked about the impact of the Sandy Hill Solar and Sand Dune Solar projects on the local communities in Colorado, Ciciriello was optimistic. “These projects will create new American jobs and help support the local economy. Additionally, they will provide clean energy for generations to come, ensuring a sustainable future for the area and beyond.”
EE North America's acquisition of the majority stake in the Sandy Hill Solar and Sand Dune Solar projects highlights the company's commitment to promoting the green transition and creating a sustainable future. With the addition of 700MW to its existing solar pipeline, EE North America is well on its way to achieving its ambitious goal of developing 10GW of renewable energy in the United States by 2026.
