Belltown Energy Texas completes sale of 750 MW of solar tasks in 2020
The utility company Belltown Power Texas completed the development and sale of five projects with a total output of 750 MW in the course of 2020. This brings the total balance of Belltown to 930 MW. Belltown specializes in developing greenfield projects, starting with site identification and controlling interconnections, real estate, permits, environmental, control and all other development elements to get those projects ready for construction.
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Earlier this year, Belltown completed a transaction with an investment partner for a portfolio of three contract projects with a total output of 330 megawatts in the North Zone of the Electric Reliability Council of Texas (ERCOT). The projects included a busbar acceptance of approximately 250 megawatts at Rayburn Country Electric Cooperative and an acceptance of 80 megawatts to the north of the hub at Vistra Corp. Belltown continued to support these projects with cash on delivery – two facilities are already online and the third is expected to be up and running in the next two months. “We are very proud of this transaction, which exemplifies our company’s ability to take projects from greenfield to operational,” said Lloyd Pope, President of Belltown Power Texas.
Following this successful deal, Belltown worked exclusively with a major strategic investor on the sale of a 360 MW project in Denton County and closed the transaction in August. Later in the year, Belltown partnered with Adapture Renewables to work on the sale of a 65-megawatt project in Hunt County to Adapture Renewables that had signed another busbar PPA with Rayburn Country Electric Cooperative.
Combined with a 180 megawatt project in Falls County that was sold to an Ecoplexus subsidiary in 2019, the 2020 deals bring the total of projects developed and sold by Belltown to 930 megawatts. “Belltown has come a long way since it was founded in 2017 and has built a strong team that has proven its ability to identify, develop and manage solar projects in ERCOT. Moving closer to 1 gigawatt is a milestone that motivates us to continue to strive for excellence in our development activities, ”added Lloyd Pope.
At the beginning of 2021, Belltown is currently working on the sale of an additional 870 megawatt projects, which are expected to be completed in the first half of this year.