Global Infrastructure SherpaTerraForm Power acquires 1.56 GW Steward Creek Solar project from Hexagon Energy
TerraForm Power acquired the 1.56 GW Steward Creek Solar project from Hexagon Energy, adding one of the country’s largest solar projects under development to its pipeline.
Counterparts (2)
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- 1.56 GW Steward Creek Solar project, among the largest U.S. developments.
- TerraForm Power adds to its 2,200 MW North American portfolio.
- Australian developer Hexagon Energy sells major U.S. solar asset.
- Project is in development stage in Illinois.
Source Intelligence
The acquisition adds one of the country’s largest solar projects under development to TerraForm’s active pipeline. Quote: "it adds one of the country’s largest solar projects under development to TerraForm’s active pipeline." Construction is expected to begin in 2027. Quote: "construction is expected to begin in 2027." The project includes a 600 MW interconnection agreement with Commonwealth Edison and PJM Interconnection. Quote: "it includes a 600 MW interconnection agreement with Commonwealth Edison and PJM Interconnection." Steward Creek Solar will be established in two phases: Phase 1 construction in 2027, operation by 2029; Phase 2 construction in 2028, functionality by 2030. Quote: "Steward Creek Solar will be established in two phases. Phase 1 will start construction in 2027 and reach operation by 2029, while Phase 2 is projected for 2028 construction and a 2030 functionality date."
"TerraForm Power strengthens U.S. development portfolio through 1.56 GW Steward Creek Solar purchase"
"One of the key components behind the acquisition is Hexagon Energy."
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