Matrix starts commercial operations at Stillhouse Solar project [Yahoo! Finance]
SOLV Energy, Inc. - Class A common stock (MWH)
Company Research
Source: Yahoo! Finance
The project required an investment exceeding $380m (€322.56m) and represents one of the company's major recent developments in the US. The start of commercial operations follows the transition of construction financing for the project into long-term debt and the successful securing of Investment Tax Credit funding. Matrix Renewables managing director and US head Cindy Tindell said: “This transaction marks the major milestone in the project's life cycle, transitioning from construction into long-term operations, where we were able to work with our partners and stakeholders to optimise the capital structure to deliver stable, renewable energy generation within the ERCOT [Electric Reliability Council of Texas] market.” Stillhouse Solar is underpinned by 15-year power purchase agreements (PPAs) with Hyundai Motor Group affiliates. Matrix Renewables acquired the project from OCI Solar Power during late-stage development in June 2023. The Stillhouse Solar project is expected to p
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MWH
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- 3/26/26 - Form 10-K/A
- 3/25/26 - Form 10-K
- 3/19/26 - Form 8-K
- MWH's page on the SEC website