Business wire
This acquisition represents a significant milestone for Adapture Renewables, as its first project in Colorado and an expansion of its energy storage portfolio.
Adapture Renewables Acquires 110 Megawatt Solar and Battery Project from Samsung C&T Renewables
Adapture Renewables, Inc., a utility-scale solar and energy storage project developer, owner and operator, announced today the acquisition of a hybrid 110 MW solar and 110 MW battery energy storage project from Samsung C&T Renewables, the renewable development and investment platform of Samsung C&T America. As Adapture Renewables’ first project in Colorado, the acquisition of this system strategically positions Adapture Renewables in the western region and represents a significant expansion of its pipeline of hybrid facilities.
Located in Colorado, a state committed to achieving 100% clean electricity generation by 2040, the project is ideally positioned to meet the diverse power needs of the state’s rapidly growing demand. Pairing solar with battery storage offers opportunities for grid stability support, peak shaving, and enhanced efficiency.
"This acquisition is an important step for Adapture Renewables as we expand into the Colorado market," said Christina Conrad, VP of Mergers & Acquisitions at Adapture Renewables. "The Haynach project fits seamlessly into our long-term growth strategy of entering new markets and integrating additional battery storage projects. We are excited to bring this project to fruition and contribute to the region's renewable energy capacity."
As the Haynach project progresses, Adapture Renewables is dedicated to transparent communication and collaboration with the local community and stakeholders and is committed to providing updates on the project's development.
Haynach Solar is expected to be operational by 2029. For more information about Adapture Renewables and its projects, visit https://adapturerenewables.com/portfolio.
About Adapture Renewables, Inc.: Adapture Renewables, Inc. is a utility-scale solar and energy storage project developer, owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive projects from origination to long-term operation. Owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to project development and is invested in its projects’ long-term success. The company’s culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to its success deploying, owning and operating solar and energy storage assets across twelve states, along with a pipeline of projects in development across the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com.
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