Actualize Solar Signs Five New Solar PPAs with a Major US Utility
MCLEAN, Va.–(BUSINESS WIRE)–Actualize Solar executed five new long-term power purchase agreements (PPAs) with a major US utility this year. “The signing of the new PPAs demonstrates our ability to meet the needs of our customers while advancing the goal for our project portfolio to be fully contracted,” said Bob White, the Chief Development Officer of Actualize Solar. “Last year, we signed three long-term PPAs for our utility-scale projects. We intend to keep our growth trajectory.”
Actualize’s current 1.5 GW project portfolio consists of over two dozen solar projects across six Mid-Atlantic and Southeastern US states. “We have assembled a top-notch team with over 70 years of project development and project finance expertise to ensure our projects successfully reach their commercial operation dates,” said Gintaras Sadauskas, the CFO of Actualize Solar. “We look forward to rapidly expanding our utility-scale solar portfolio in the US.”
“Our team’s successful track record is hinged on a disciplined, programmatic approach to renewable energy project development and ensuring all projects secure long-term contracted revenues from credit-worthy offtakers,” said Vadim Ovchinnikov, the CEO of Actualize Solar. “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.”
“Our goal is to expand our portfolio to 2.5 GW by the end of 2026,” said Mr. Ovchinnikov. “The expected high growth rates of AI technology and data centers in the US will help ensure our projects will find their customers.”
About Actualize Solar
Actualize Solar, LLC is a US renewable energy project developer headquartered in McLean, Virginia. With significant power development experience, the Actualize Solar team has developed, financed, constructed, operated, purchased, and sold over 30 GW of power generation assets, including solar, battery storage, wind, gas, hydro, coal, fuel cells, geothermal, and biomass. See the company’s website at https://actualizesolar.com/
Contacts
Vadim Ovchinnikov, CEO
