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East Point Energy Announces Project Acquisition Program

24 Jan 2023

East Point Energy, an Equinor Company, has announced the launch of its Project Acquisition Program. The company has a strategy to acquire standalone energy storage, solar, and solar plus storage projects in the United States. Initially, the company will favor standalone storage projects that can achieve commercial operation in 2024 and 2025 in ERCOT, PJM, NYISO, and ISONE, but will review and consider projects in all power markets. The project development team at East Point understands and welcomes development risk in earlier-stage assets; therefore, the acquisition program will consider projects at any stage of development, from pre-construction projects to operating assets. East Point is a fair, low transaction-risk investment partner with a transparent governance process that seeks projects with merchant risk and uncontracted revenue.

“With our Project Acquisition Program, East Point aims to become a trusted, reliable investment partner to project developers in the renewable energy industry for years to come,” says Andrew Foukal, CEO of East Point. “We look forward to building on our parent company’s strong track record of managing and optimizing merchant risk across a diverse portfolio of operating assets.”

East Point Energy | www.eastpointenergy.com