Opdenergy Holding SA announced that it has completed a project financing package of USD 252 million (EUR 239 million) for two solar projects in the US with a combined capacity of 260 MW DC. The 100-MW DC Blake solar project is located in Jefferson County, West Virginia, and the 160-MW DC Elizabeth is located in Allen Parish, Louisiana. Both are under construction and expected to come onstream in the next several months.

The solar parks will sell their output to two major North American utilities, with Blake having a 15-year power purchase agreement (PPA) with AEP Energy Partners Inc. and Elizabeth a 20-year contract with Entergy Louisiana LLC. Opdenergy, active in Europe, the US and Latin America, has 1.9 GW of assets under operation and construction and a pipeline of another 13 GW at different stages of development.