PLT Energia (PLT), a major independent Italian player in the renewable and energy storage sector, unveils a strategic joint venture with GGS Energy LLC to drive over 1 GW of renewable energy projects in Texas. The collaboration begins with the development of the Indigo Project Phase I, a substantial undertaking in West Texas, encompassing 330 MW, consisting of 150 MW of photovoltaic (PV) and 180 MW of energy storage.
Launching Indigo Project Phase I
Set to commence construction in June 2024, the newly established joint venture entity, PLT US Solar 1 LLC, is predominantly owned by PLT Energy US Corp (80%) and GGS Energy (20%). The Indigo Project Phase I marks the first significant venture of this dynamic partnership, emphasizing PLT’s commitment to international growth and leadership in global renewable energy projects.
Advancing Global Renewable Goals
Pierluigi Tortora, Chairman of PLT, envisions the joint venture as a pivotal step toward PLT’s global expansion, particularly within the U.S. market. Stefano Marulli, CEO of PLT Energia, reaffirms their focus on value creation across the renewable portfolio, emphasizing geographical diversification.
Transforming the Energy Landscape
Philip Carafiello, President of PLT Energy US Corp, emphasizes the joint venture’s role in realizing lower carbon energy projects that contribute to local communities and the economy. GGS Energy, a subsidiary of Glacier Global Partners, expresses excitement about the collaboration, viewing it as a transformative step to grow and innovate in the renewable energy sector.
The partnership signifies a collective commitment to advancing the renewable energy landscape, aligning values, innovation, and expertise to fuel growth ambitions.
Source：prnewswire.com
