Palladium, Inverdale form new solar JV

Palladium Energy LLC and Inverdale Energy Partners have formed a joint venture to develop 500 megawatts of utility-scale solar and solar storage across the United States, Kallanish Energy reports.

That is the initial development portfolio.

The JV is known as Palladium Energy Development LLC.

The companies did not detail plans for the initial solar development.

“This partnership empowers our team to develop a significant pipeline of solar and solar + storage projects and satisfy the rapidly growing demand for renewable energy from states, utilities and corporate power purchasers across the country,” said Nobel Chang, managing partner at Palladium, in a statement.

Palladium Energy is based in Jacksonville, Florida. It has developed 4.1 gigawatts of power that together are worth $2.3 billion.

Inverdale Energy Partners is a subsidiary of Inverdale Capital Management that is based in Dallas, Texas.

This post appeared first on Kallanish Energy News.