Heelstone Renewable Energy has commenced construction on two solar PV projects in the United States, the 104MW Alligator Creek project in Georgia and the 102MW Murch project in Michigan, following financial close. These projects, with a combined capacity of 206MW, are supported by long-term corporate power purchase agreements with a US hyperscale data centre developer. Non-recourse project financing and tax equity commitments have been secured to fund both construction and long-term operations for these assets. EPC agreements were finalized with Pure Power Contractors for Alligator Creek and Greensol Renewables for Murch, with commercial operation anticipated by the end of 2026. Financial close for Alligator Creek was achieved in December 2025, and for Murch in March 2026, marking a material step in scaling Heelstone's platform across key U.S. markets.