Solar energy for the Americas
Greenwood Energy has a growing portfolio of solar parks and alternative energy facilities across North, Central and South America. The customers for these facilities include public service bodies and grid operators.
Greenwood has formed a number of strategic joint ventures to facilitate finance, construction and engineering. In 2014, they completed Panama’s first utility-scale solar photovoltaic installation and more recently, has been selected by Ithaca College in New York State to finance and install a 2.9 MW installation, meeting 10% of the campus' electricity needs and key to its 100% carbon neutral target.
The renewables sector has come of age, particularly solar power. The union of capital and technology are making a difference to the global economy by lowering the cost of energy." — Fidel Andueza, Head of Americas
In 2014 the company announced a partnership with John Hancock Life Insurance to build and operate solar power stations across the USA. John Hancock has led $110 million of financing for 13 solar projects, located in five states with a combined generating capacity of 45 MW. Greenwood has a combined business pipeline in the Americas with a generating capacity of 1 GW.
2017 has been a year of expansion and they have increased their solar portfolio with new assets, across Florida, Vermont and New York. All have Power Purchase Agreements attached and bring the combined generating capacity of Greenwood’s assets to 84 MW.