Belltown Power Texas (“Belltown”), a leading ERCOT renewable energy developer, has sold its 100% equity interest in a 330MWdc portfolio of three pre-NTP utility-scale solar projects to an undisclosed buyer. The projects are located in ERCOT North, close to the Dallas-Fort Worth area, and have offtake fully contracted for 10 to 15 years.
The sale of this portfolio represents a major step for Belltown as it looks to develop and construct its sizeable pipeline of development assets in ERCOT and PJM.
Belltown’s Co-Founder and President, Lloyd Pope, stated, “This represents a key milestone for the Belltown portfolio, having developed these projects from greenfield all the way to NTP. We are pleased with the partner we have found to bring these projects forward to COD and beyond, and we look forward to completing more transactions like this one.”
CohnReznick Capital served as exclusive financial advisor to Belltown on the transaction. “We are excited to assist Belltown with this sale process as they continue to make great strides in the U.S. market,” said Frank Palladino, Managing Director at CohnReznick Capital.
For additional details on this transaction, please contact:
About Belltown Power Texas
Belltown Power Texas, LLC is a developer of solar photovoltaic projects in ERCOT, with a geographic
focus in the North and South Zones. It is currently advancing the development of over 2GW of solar
projects to be delivered into the grid over the next five years. Belltown Power Texas, LLC is part of the
Belltown Group which is a specialist global renewable energy developer and IPP with a strong track
record, world class team and diversified pipeline across wind and solar projects.
At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 160 project and corporate transactions for renewable energy assets valued at over $20.6 billion in aggregate. We are wholly committed to the clean energy transition and deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts helps our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising and special situations. To learn more, please visit www.cohnreznickcapital.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.