EGCO buys 49% stake in 339 MW U.S. Pinnacle IV wind, solar portfolio
Bitget2026/09/28 01:34- EGCO closed its acquisition of a 49% membership interest in the U.S. 339 MW Pinnacle IV wind and solar portfolio.
- Transaction completed on Sept. 25, 2026 via subsidiary EGCO Pinnacle IV; partner Apex Clean Energy retains 51%.
- Portfolio includes the 189 MW Timbermill Wind project in North Carolina, 150 MW Coldwater Solar project in Michigan.
- EGCO expects immediate cash flow and profit contribution from commercial operations, supported by long-term offtake arrangements.
- Deal lifts EGCO’s renewable capacity to 1,785 MW, representing 26% of total equity capacity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Is AI an engine or a killer? Morgan Stanley provides answers with data: productivity soars, but nearly 90% of the benefits are taken by 12 industries
Morgan Stanley stated that the productivity dividends from AI are concentrated in 12 highly exposed industries, with growth rates reaching twice the twenty-year average. For the first time, signs of job replacement have emerged.
Crypto prices
More
