Nova Clean Energy has announced the acquisition of HyFuels, a more than 1 GW portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project. Located on the Texas Gulf Coast, an area of rapidly increasing power demand and a leading centre for American-produced ammonia, HyFuels is ideally situated to serve the petrochemical industry, ensuring Texas remains the global leader in this essential industry.
HyFuels, which has a current project footprint of about 25 000 acres, has a power supply that is split evenly between wind and solar, whose complementary generation profiles will ensure a steady supply of clean local power. The first phase of the project is expected to reach Full Notice to Proceed (NTP) in 2025 and Commercial Operations in 2026.
Nova acquired HyFuels from BNB Renewable Energy (BNB), a developer with a…
