Broad Reach Power has acquired a 250-megawatt (MW) wind project and a 250-MW solar project, both located in Montana.
Located in Billings, the solar and wind projects were purchased from Invenergy and are expected to be online in 2022 and 2023, respectively.
“I am looking forward to begin developing these projects as we continue investing in Montana. Once completed, these projects will provide much needed reliability to the region’s grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley.”Broad Reach Power developer Daniel Zolnikov.
The projects join an existing portfolio of solar and battery storage assets also located in Billings owned by Broad Reach and are part of the company’s broader portfolio in the Pacific Northwest where it has a pipeline of more than 1,400 MW of renewable generation projects and more than 900 MW of storage projects.
“Similar to Texas, where we have become the leading owner of storage projects in the ERCOT interconnection queue in just over a year, we have also built a dynamic portfolio of both renewable power and standalone storage power plants in the Pacific Northwest through greenfield development and M&A in an equally short amount of time.”Broad Reach Power vice president of Development James Ferguson.
“Broad Reach has assembled the Pacific Northwest’s best in class diversified portfolio of renewables plus storage assets and is perfectly poised to serve the region’s large evolving needs.”EnCap Energy Transition managing partner Shawn Cumberland.