Release Time：2021-12-21
Talesun Solar, a leading PV module manufacturer, announced recently that the company has inked a module contract with Brazoria West Solar Project, LLC, a subsidiary of Savion, to supply 222 MW bifacial modules for solar park located near Houston, Texas. Savion, a Green Investment Group portfolio company, is one of the US largest, most technologically advanced utility-scale solar and energy storage project development companies.
These solar modules are for a new solar park with name of Brazoria West Solar Project, which set up with planned installation of 260 MW and locates in Brazoria County, 40 miles southwest from Huston, Texas. The solar park has started construction since Q2 of 2021 and with the commercial operation date expected to be in Q3 2022. Once operational, the project will produce clean and renewable electricity to power approximately 37,100 Texan households.
Just two weeks ago, S&B USA, a subsidiary of Israeli leading infrastructure and real estate developer Shikun & Binui, has announced that it has acquired 100% of the rights for the development of the project from Savion. Macquarie Group, the controlling shareholder of Savion, and also a global financial services group with decades of leadership in infrastructure, energy and related industries, is arranging the tax equity financing for the project. Moreover, Fortune Global 500 company CIT Group led the project’s debt financing with a total credit facility of nearly $210 million.
“We are delighted to be selected by Savion to delivery high-efficiency and industry-leading bifacial solar modules to this utility-scale project, it is a significant milestone in expanding our presence and competitive position in the United States,” said Yabin Xing, President of Talesun America & Africa. “We also have been improving cooperation with our local partners including Macquarie, Savion, Shikun & Binui and etc., and Talesun will contribute more in the renewable energy construction of the United States in future.”
In 2020, the United States was the country with the second-largest PV market in terms of both cumulative and annual installations. And the country’s annual PV additions are expected to reach 29.5GW in 2021 according to the latest forecast from BNEF.
About Shikun & Binui
Established in 1924, Shikun & Binui Ltd. (S&B) is an experienced construction, development and real estate group, headquartered in Israel and active globally. S&B is publicly traded on the Tel Aviv Stock Exchange (SKBN) and is active in Israel and globally in the development and construction of large scale, complex heavy civil infrastructure projects including solar and energy related projects. S&B has been active in the U.S. since 2012 through its infrastructure development and equity subsidiary, Shikun & Binui Concessions USA, Inc. (branded as S&B USA Concessions), its construction subsidiaries, Shikun & Binui America, Inc. (branded as S&B USA Construction). In 2020, S&B launched its U.S. energy activity through Shikun & Binui Energy Ltd.’s subsidiary, S&B US Energy Inc. (branded as S&B USA Energy). For further information, visit www.shikunusa.com/Energy.
About Macquarie
Macquarie is a global financial services group operating in 33 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment. The diversity of our operations, combined with a strong capital position and robust risk management framework, has contributed to our 52-year record of unbroken profitability. For further information, visit www.macquarie.com.
About Savion
Savion, a Green Investment Group portfolio company operating on a stand-alone basis, is one of the largest, most technologically advanced utility-scale solar and energy storage project development companies in the United States. With a growing portfolio of more than 11 GW, Savion’s diverse team provides comprehensive services at each phase of renewable energy project development, from conception through construction. As part of this full-service model, Savion manages all aspects of development for customers, partners, and project host communities. Savion is committed to helping decarbonize the energy grid by replacing electric power generation with renewable sources and delivering cost-competitive electricity to the marketplace. For further information, visit www.savionenergy.com.
About Talesun
Talesun Solar, a wholly owned subsidiary of Zhongli Group, was founded in 2010. With more than 10 years of innovation and development, it has become one of the global Top 10 photovoltaic manufacturers, Tier 1 module supplier in Bloomberg Ranking, one of China’s largest photovoltaic power station developers. For further information, visit www.shyiting.com.
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