Vitol’s objectives are to repower two of the three sites, subject to the relevant approvals, and invest significant capital in the latest wind technology to increase annual energy production and extend the life of the wind farms. The addition of these wind farms, combined with Vitol’s solar footprint, mean Vitol is well positioned to offer commercial and industrial (C&I) customers looking for green power solutions a renewable generation offering that better matches C&I load in the region.
Andrew de Pass, Head of Renewables, Vitol Inc., said: “This marks a big step in the development of our US renewables portfolio which has almost reached 1 GW of capacity. We continue to pursue our strategy of investing in assets where our expertise and capital enable us to add value to assets and our partners. On completion, we will be invested in over 1.5 GW of renewable generation, as well as a growing portfolio of innovative sustainable energy solutions, from hydrogen, bio-methane, and waste plastic recycling, to carbon capture and storage; demonstrating Vitol’s commitment to participate proactively in the energy transition.”