Kruger Energy, a business unit of Kruger Inc. specializing in the development and management of renewable energy power plants, has sold a 523MW mid-stage solar development portfolio to Ecoplexus, a leading renewables IPP.  The development portfolio, located in Georgia and Tennessee, will provide clean energy to hundreds of thousands of households in the Southeast upon completion.

As a part of the sale, Ecoplexus will continue developing the five-project portfolio, with targeted commercial operation dates in 2022 and 2023. The portfolio is well-positioned in the Southeast, one of the fastest-growing solar markets with strong increased demand from utility, cooperative, and corporate offtakers.

CohnReznick Capital served as exclusive financial advisor to Kruger Energy on the transaction.

KeyFacts Energy Industry Directory: Kruger Energy   l   KeyFacts Energy Industry Directory: Ecoplexus