Gulf Coast Renewables Plus Ammonia Project Changes Ownership
Wind Power News 5:47 am on May 5, 2024
Nova Clean Energy, a US regional development company under Bluestar Energy Capital, has acquired HyFuel, a portfolio consisting of 1GW wind and solar developments and an early-stage green ammonia project from BNB Renewable Energy. The HyFuels project is located on the Texas Gulf Coast, where demand for renewable energy is rapidly increasing. Nova and BNB have completed environmental surveys, secured grid connection, and ordered long lead-time equipment for the first phase, expected to reach NTP in 2025 and commercial operations in 2026.
- Nova Clean Energy acquired HyFuel from BNB Renewable Energy
- Portfolio consists of 1GW wind and solar developments and an early-stage green ammonia project
- Project located on the Texas Gulf Coast where demand for renewable energy is increasing
- First phase expected to reach NTP in 2025, commercial operations in 2026
- Nova and BNB have completed environmental surveys, secured grid connection, and ordered long lead-time equipment
https://www.windpowermonthly.com/article/1870212/gulf-coast-renewables-plus-ammonia-project-changes-ownership