Avantus and Toyota Tsusho America have begun building on the 159 MW Norton Photo voltaic Undertaking in Runnels County, Texas.
Issuance of a Discover to Proceed follows Avantus’ sale of the Norton mission final November to TAI, a subsidiary of Toyota Tsusho Company of Japan, one of many Toyota Group Firms. TAI has closed on a building and time period financing settlement with Mitsubishi UFJ Monetary Group, whereas a PPA has additionally been secured with a company buyer for the mission.
Avantus will oversee building of Norton, which is predicted to start operations late subsequent yr. RES will present the EPC companies for the mission.
“Texas is vitality nation, and that features large alternatives in photo voltaic,” says Avantus chief monetary officer Patrick Goff.
“The Norton Photo voltaic Undertaking represents the most effective of what we do at Avantus: develop high-quality clear vitality tasks which can be good for our prospects, for the native financial system, and for the planet. This mission was six years within the making, and I’m pleased with our workforce’s persistence in getting Norton shovel-ready and for securing the mission’s profitable sale to Toyota Tsusho America to assist meet their sustainability targets.”
Norton marks the seventh mission Avantus has developed and offered in Texas, bringing the entire quantity of vitality it has developed within the state to 2 GW.
