Joint investments for the expansion of renewable energy projects in the USA

Berlin, July 10, 2023 – Saxovent and Ironwood Renewables, two leading companies in the renewable energy sector, have expanded their long-standing collaboration through their joint venture Ironwood Projects. The contracts for the expansion of the cooperation were signed during a joint offsite meeting in the Black Forest biosphere reserve.

As part of this new agreement, Saxovent will provide millions of euros in further investment for project development over the next five years. The primary goal is to expand Ironwood Renewables’ community solar and utility-scale portfolio from the current 300 MW to 1000 MW. Projects are already being planned in the states of Massachusetts, Pennsylvania, Virginia and Colorado. In addition, further states such as Illinois and California are to be added to the portfolio in the near future.

Ironwood Renewables and Saxovent are confident that the expanded cooperation will help to drive forward the energy transition and make a significant contribution to reducing carbon emissions. The joint venture Ironwood Projects will develop durable and sustainable solutions to meet the growing demand for clean energy in the coming years.