
US solar and storage developer Adapture Renewables has acquired a hybrid 110MW solar and 110MW battery energy storage system (BESS) project from Samsung C&T Renewables.
Announced 11 March, the Haynach project is located in Colorado, US, and marks Adapture’s first project within the state. Haynach is expected to be operational by 2029.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Adapture, formerly known as Enerparc, is majority owned by Kirkbi Invest A/S. The company currently has 38 solar projects and over 344MW in operation. Earlier this month, the company secured US$321 million in finance from the Japanese Mitsubishi UFJ Financial Group (MUFG) to support the development of a 441MW solar portfolio.
As reported by our colleagues at PV Tech, the portfolio, dubbed Titanium, will cover three sites across the US states of Arkansas and Illinois, and follows the acquisition of 330MW of capacity across the states in 2024.
Samsung C&T, oriented towards the construction of large-scale projects, has a global presence in the renewable energy and storage market through various partnerships. In January, Samsung C&T and Chinese battery manufacturer Hithium penned a new agreement targeting around 10GWh of BESS capacity globally.
Colorado, where the acquired solar and BESS project is located, has a goal set by Governor Jared Polis of achieving 100% renewable energy by 2040.
In a July 2023 report from American Clean Power, the state had a clean energy capacity of 6,892MW, 237MW of which was energy storage. As noted in the report:
“By 2030, Colorado anticipates adding to its grid 4,000MW of solar, 4,250MW of land-based wind power, and 1,250MW of battery storage.”
Colorado is not part of a Regional Transmission Organisation (RTO) or an Independent System Operator (ISO). The state has two investor-owned electric utilities, regulated by the Colorado Public Utilities Commission (PUC) — Black Hills Energy and Public Service Company of Colorado, known as Xcel Energy. Coloradans are also served by 29 municipal utilities and 22 rural electric cooperatives not regulated by the PUC.
Christina Conrad, VP of Mergers & Acquisitions at Adapture Renewables said of the acquired Haynach project:
“This acquisition is an important step for Adapture Renewables as we expand into the Colorado market.”
“The Haynach project fits seamlessly into our long-term growth strategy of entering new markets and integrating additional battery storage projects. We are excited to bring this project to fruition and contribute to the region’s renewable energy capacity.”
In December 2024, US-based sodium-ion BESS startup Peak Energy opened a battery cell engineering centre in Broomfield, Colorado, in partnership with the Colorado Office of Economic Development and International Trade (OEDIT). The centre is helping to support the development of the US sodium-ion battery supply chain and similar technologies.