New Venture is Next Chapter in SCOA Renewable Energy Business Story

In the evolving landscape of global sustainability discussions, the synergy of a new collaboration between SCOA and U.S. impact investment firm, Advantage Capital, serves as a venture that seamlessly blends SCOA’s deep-rooted history in renewable energy projects with the vibrant, innovative finesse of Advantage Capital. This new entity, Perennial Renewables LLC, roots a concerted effort for technology and ecology to gracefully coexist through energy projects with sustainable goals.

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SCOA has gracefully sculpted a 15-year-long journey through the complex and evolving world of renewable energy, becoming a guardian of both ecological and technological progress. It’s not merely the large-scale projects like the 550 MW Desert Sunlight in California that defines SCOA’s level of commitment. The collective wisdom harvested from every triumph and challenge encountered within each project acts as the subtle, guiding hand leading SCOA to recognize and navigate through the myriad of opportunities and nuances in renewable energy. By mining years of experience and expertise, SCOA can now collaborate on new initiatives with Advantage Capital.

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Commencing operations with a robust 2+ GW solar generation development portfolio across six states, this venture also gently turns its focus towards new projects in the Midwest and Northeast regions of the United States. These regions are not merely viewed as geographical expansions but opportunities to leave a positive imprint on local communities and environments in a sustainable manner.

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SCOA and Advantage Capital’s collaboration doesn’t merely symbolize a business venture. It is the manifestation of an intention, clear and unembellished, to amplify consistent efforts to uphold a planet that has generously sustained us all. The formation of Perennial Renewables is the next step on the path SCOA has been steadily traveling for years toward a more sustainable future.

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The mission extends beyond the immediate future. SC Group sees a future where renewable energy net ownership generation capacity escalates beyond its 5 GW goal by 2030, reflecting an unwavering dedication to technological advancement and ecological preservation.

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Additionally, Perennial Renewables connects SCOA’s thorough financial planning and project management with Advantage Capital’s prowess in development, particularly in areas like site control and interconnection. The entity materializes as a beacon of promise and potential, pushing forward the agenda of renewable energy development, embodying both SCOA’s historical engagement with renewable energy and Advantage Capital’s fresh, innovative approach in a holistic manner.

The additional projects previously undertaken by SCOA such as the 845-MW Shepherds Flat Wind Farm in Oregon and the 211.2-MW Mesquite Creek Wind Farm in Western Texas, weren’t mere milestones. Every project and every partnership, from the 131-MW Cimarron II and 168-MW Ironwood wind farms in Kansas to other numerous initiatives, is a thoughtful stride towards a cleaner world. It is with genuine intent that SCOA, alongside Perennial Renewables, aspires to propel forward, anchoring actions in values that have silently guided its journey for decades. These initiatives showcase SCOA’s commitment to sustainable development and environmental stewardship and enhance its capability to identify and capitalize on renewable energy opportunities with a forward-thinking approach.

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Looking towards a future that delicately balances energy generation with environmental preservation, SCOA stands as a guardian, ensuring that every step taken is a step towards a future where energy generation nurtures rather than depletes. The journey towards achieving carbon neutrality by 2050 echoes a true, steadfast dedication to this sustainability driven approach.

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