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PLT Energia, GGS Energy announce JV to realize renewable energy projects in Texas

Juan Pedro February 27, 2024

In Italy, PLT Energia (PLT) announced that its subsidiary PLT Energy US Corp has entered into a joint venture with GGS Energy LLC to develop more than 1 GW of renewable energy in Texas. The joint venture’s first project will be the development and construction of its Indigo Project Phase I, located in West Texas totaling 330 MW: 150 MW of PV and 180 MW of storage. Construction is expected to commence in June 2024. The newly formed joint venture company, PLT US Solar 1 LLC, is 80% owned by PLT Energy US Corp and 20% owned by GGS Energy. “This dynamic JV with GGS Energy offers PLT a platform for international growth into the U.S. Market and advances our long-term goals of being a leader in the realization of renewable energy projects globally,” said Pierluigi Tortora, Chairman of PLT.

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Categories: Energy

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