Broad Reach Power, an independent power producer (IPP) based in Houston, Texas, which owns a 5-GW portfolio of utility scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas, announced that is has acquired a 250-MW wind project and a 250-MW solar project, both located in Montana.
Courtesy of NREL
"I am looking forward to begin developing these projects as we continue investing in Montana," said Broad Reach Power Developer Daniel Zolnikov. "Once completed, these projects will provide much needed reliability to the region's grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley."
Located in Billings, the solar and wind projects were purchased from leading privately held developer of sustainable energy projects, Invenergy, and are expected to be online in 2022 and 2023, respectively. They join an existing portfolio of solar and battery storage assets also located in Billings owned by Broad Reach and are part of the company's broader portfolio in the Pacific Northwest where it has a pipeline of more than 1,400 MW of renewable generation projects and more than 900 MW of storage projects.
"Similar to Texas, where we have become the leading owner of storage projects in the ERCOT interconnection queue in just over a year, we have also built a dynamic portfolio of both renewable power and standalone storage power plants in the Pacific Northwest through greenfield development and M&A in an equally short amount of time," added Broad Reach Power Vice President of Development James Ferguson.
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