San Francisco, May 9, 2017 – Ecoplexus Inc., a leading global developer of solar photovoltaic (PV) projects, announced today that it has begun construction on its first portfolio of projects in the State of Minnesota, United States. The 45MW portfolio marks the first projects developed and built by Ecoplexus in the State. Ecoplexus will own these projects as part of its growing IPP asset base. The ground-mounted installations represent a combined investment of more than $90 million dollars. These facilities will be interconnected into Xcel Energy Minnesota's electrical grid, increasing the capacity of clean energy the utility has to distribute around the state.
This will be an essential addition to the state’s power supply and Minnesota's commitment to Clean Energy. Minnesota's Renewable Energy Standard is one of the nation's strongest renewable energy standards, requiring utilities to provide 25 percent of their electrical generation from renewable sources like wind, hydrogen and solar power by the year 2025 and will help create next-generation industries with high-quality, good-paying jobs in Minnesota.The projects are part of Excel Energy's Community Solar Program.
These projects will provide 70 gigawatt-hours of clean electricity annually. That is enough to power 7,200 homes and prevent the carbon dioxide emission of roughly 6 million gallons of gasoline, in effect taking 10,500 passenger vehicles off the road.
About Ecoplexus Inc.
Ecoplexus develops, owns and operates solar PV projects for the utility, and industrial markets in the U.S., Japan, Mexico and Vietnam. The Company has developed and financed over fifty projects to date. Customers include major utilities such as PG&E, Duke, Progress, Xcel Energy, PSEG, and Georgia Power and approximately fifteen municipalities in the US as well as Tokyo Electric and Tohoku Electric in Japan.
With greater than 700 MWs between construction and pipeline in the U.S. and Internationally, representing over $850 million in project value, Ecoplexus is actively developing or buying renewable energy assets at every stage. The Company also provides operation and maintenance (O&M) services for investor/owners, including Fortune 500 companies, for approximately 50 projects.
For more information about Ecoplexus, please visit www.ecoplexus.com.