Actualize Solar has signed five Power Purchase Agreements (PPAs) with a US utility in 2024, boosting its portfolio to 1,500MW across 24 projects in six mid-Atlantic and southeastern states. The company aims to expand its capacity to 2.5GW by the end of 2026.
Strategic Growth and Vision
Vadim Ovchinnikov, CEO of Actualize Solar, emphasized the importance of a disciplined approach to renewable energy project development. “Our team’s successful track record is hinged on ensuring all projects secure long-term contracted revenues from credit-worthy offtakers,” he stated.
Ovchinnikov further noted, “With over $480 million of contracted revenues, we are excited to continue bringing high-quality solar projects to communities across the US and provide competitive solutions to utilities, local cooperatives, and corporate clients. The expected high growth rates of AI technology and data centers in the US will help ensure our projects will find their customers.”
Future Outlook
Actualize Solar’s focus on expanding its portfolio aligns with the growing demand for renewable energy solutions in the US. The company’s strategic partnerships and commitment to high-quality project development position it well to meet future energy needs.
Sources
- Actualize Solar Official Website
- U.S. Energy Information Administration (EIA)
- Renewable Energy Industry Reports
