Linea Energy, a forward-thinking clean energy company, announced today (June 2) that it has acquired a 490-megawatt direct current (MWDC) solar project from Horus Energy, an international developer headquartered in London, England. This significant acquisition marks Linea Energy's entry into the Texas market and advances its strategic plan to establish a robust development pipeline while promoting renewable energy and economic growth in the Houston area.
The project is expected to generate enough clean energy to power more than 63,000 homes and provide numerous local job opportunities during its construction and operation. Linea Energy is also exploring the possibility of utilizing domestic equipment in the project, showcasing its interest in supporting local industries and economies.
"We are thrilled to partner with Horus Energy on this exciting project, which will bring approximately 900 GWh per year of renewable energy to the Houston area and marks our entry into the Texas market," said Cassidy DeLine, CEO of Linea Energy. "Despite recent legislative challenges to the renewable energy sector in Texas, we expect Texas to remain a vanguard of smart renewable policy that brings costs to consumers down, drives investment in the state and ensures the lights stay on. This acquisition is an important milestone for our company, as it significantly contributes to our goal of a robust development pipeline while also creating local jobs and fostering economic growth in the region."
"We are pleased to be partnering with Linea Energy on this significant acquisition, which is a testament to Horus Energy's expertise and leadership in the renewable energy sector," said Stefano Romanin, CEO of Horus Energy. "This collaboration highlights our strong capabilities as an excellent solar developer, committed to delivering high quality projects that drive positive environmental and economic impact. We are proud of the Duffy project and the clean energy it will bring to the Houston area, showcasing our dedication to building a sustainable future. We look forward to leveraging our experience and working closely with Linea Energy to make this solar project a resounding success."
As a new company, Linea Energy is committed to expanding the use of clean energy sources and promoting environmental sustainability. The acquisition of the 490 MWDC solar project from Horus Energy further solidifies the company's dedication to building a brighter, cleaner future for Houston and beyond.
For more information about Linea Energy and its clean energy initiatives, please visit lineaenergy.com.
About Linea Energy
Linea Energy is a newly-formed Independent Power Producer aiming to change the status quo of how clean energy is developed and financed to rapidly increase the speed of deployment. Linea has hit the ground running with an experienced and driven team. Linea is scaling quickly to become a transformational leader in the development and ownership of clean energy infrastructure. By leveraging best-in-class development capabilities and active risk management, Linea aims to consistently create better results for partners and communities. For more information, please visit lineaenergy.com.
About Horus Energy
Horus Energy, a leading renewables developer, has an impressive track record in developing over 4GW of renewable energy projects across multiple countries. With a strong focus on the U.S. market, specifically ERCOT, MISO, and WECC, the company currently has over 4.5GW of solar photovoltaic and battery energy storage system (BESS) projects under development. Horus Energy is committed to delivering value to investors and utilities through its portfolio of renewable energy projects, while upholding high standards in land management, ecosystem protection, stakeholder engagement, and community development.
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