Project Finance Brief: Cordelio Power Acquires a 900 MW Solar Project Pipeline
Scottish Power acquires 800 MW of solar projects from Elgin and Lightsource bp
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Cordelio Power, a renewable power producer, acquired a 900 MW pipeline of utility-scale solar projects from SunEast Renewables, a solar project developer. The projects are located primarily in New York, including over 600 MWAC of projects fully contracted under 20-year agreements with the New York State Energy Research Authority (NYSERDA). The remainder of the portfolio comprises early-stage projects located in New York and Pennsylvania. Cordelio expects the projects to be placed into service beginning in 2023.
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Utsav Sinha
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