Adapture Renewables Inc. has completed a 33-megawatt portfolio of 10 solar projects in the Portland metropolitan area.
Adapture Renewables acquired the portfolio in 2019 and brought all of the projects to commercial operation by February 2021. The company will continue to own and operate the portfolio and sell the generated electricity under a long-term power-purchase agreement to Portland General Electric.
“There are inherent challenges with multi-project portfolios, which require diligent management of development, financing and construction,” said Goran Arya, director of business development at Adapture Renewables. “Knowing this, we intentionally built flexibility into project designs and leveraged in-house expertise in order to streamline the permitting and transactions, and successfully commission all ten projects on schedule.”
The new projects bring Adapture Renewables’ portfolio of solar-energy generating assets in Oregon to 67 megawatts, and to
