Spain-based Matrix Renewables, the TPG Rise-backed global renewable energy platform, has secured a 4.6-gigawatts (GW) portfolio of utility-scale, solar-energy projects across the central United States and has signed a broader development joint venture with the projects’ original developer, SolarStone Partners.
The transaction provides Matrix with a sizable addition to its U.S. renewable project backlog as well as a further opportunity to develop additional projects through a new partnership with SolarStone Partners. Matrix and SolarStone jointly will develop the 4.6-GW portfolio, while exploring and originating additional opportunities across different markets in the United States.
Matrix Renewables continues to increase its presence across the U.S. with a growing team and portfolio, positioning itself as a leading global renewable energy platform across North America, Europe, and Latin America. Matrix Renewables’ current portfolio is comprised of 2.3 GW of operat