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Press release content from Business Wire. The AP news staff was not involved in its creation.

Broad Reach Power Acquires Montana Wind and Solar Projects

December 17, 2020 GMT

HOUSTON--(BUSINESS WIRE)--Dec 17, 2020--

Broad Reach Power (“Broad Reach”), an independent power producer (IPP) based in Houston which owns a five-gigawatt portfolio of utility scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas, announced today that it has acquired a 250-megawatt (MW) wind project and a 250-MW solar project, both located in Montana.

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“I am looking forward to begin developing these projects as we continue investing in Montana,” said Broad Reach Power Developer Daniel Zolnikov. “Once completed, these projects will provide much needed reliability to the region’s grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley.”

Located in Billings, the solar and wind projects were purchased from leading privately held developer of sustainable energy projects Invenergy and are expected to be online in 2022 and 2023, respectively. They join an existing portfolio of solar and battery storage assets also located in Billings owned by Broad Reach and are part of the company’s broader portfolio in the Pacific Northwest where it has a pipeline of more than 1,400 MW of renewable generation projects and more than 900 MW of storage projects.

“Similar to Texas, where we have become the leading owner of storage projects in the ERCOT interconnection queue in just over a year, we have also built a dynamic portfolio of both renewable power and standalone storage power plants in the Pacific Northwest through greenfield development and M&A in an equally short amount of time,” added Broad Reach Power Vice President of Development James Ferguson, whose company is backed by leading energy investors EnCap Investments L.P., Yorktown Partners and Mercuria Energy.

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“Broad Reach has assembled the Pacific Northwest’s best in class diversified portfolio of renewables plus storage assets and is perfectly poised to serve the region’s large evolving needs,” said EnCap Energy Transition Managing Partner Shawn Cumberland.

About Broad Reach Power

Broad Reach Power is a utility-scale storage independent power producer (IPP) based in Houston backed by leading energy investors EnCap Investments L.P., Yorktown Partners and Mercuria Energy. The company owns a five-gigawatt portfolio of utility scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas which give utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. Broad Reach is led by a team comprised of solar, wind and storage experts who have delivered more than four gigawatts of projects and have a combined 80 years of experience in the field. For more information about the company, visit www.broadreachpower.com.

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CONTACT: Morgan Moritz

Pierpont Communications

+ 1 512 448-4950 (O)

+ 1 512 745-2575 (C)

mmoritz@piercom.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS MONTANA

INDUSTRY KEYWORD: OTHER ENERGY UTILITIES OTHER CONSTRUCTION & PROPERTY ALTERNATIVE ENERGY ENERGY CONSTRUCTION & PROPERTY

SOURCE: Broad Reach Power

Copyright Business Wire 2020.

PUB: 12/17/2020 10:00 AM/DISC: 12/17/2020 10:01 AM

http://www.businesswire.com/news/home/20201217005346/en