Actualize Solar Signs Five New Solar PPAs with Major US Utility

Actualize’s current 1.5 GW project portfolio consists of over two dozen solar projects across six Mid-Atlantic and Southeastern US states. “We have assembled a top-notch team with over 70 years of project development and project finance expertise to ensure our projects successfully reach their commercial operation dates,” said Gintaras Sadauskas, the CFO of Actualize Solar. “We look forward to rapidly expanding our utility-scale solar portfolio in the US.”

“Our team’s successful track record is hinged on a disciplined, programmatic approach to renewable energy project development and ensuring all projects secure long-term contracted revenues from credit-worthy offtakers,” said Vadim Ovchinnikov, the CEO of Actualize Solar. “With over $480 million of contracted revenues, we are excited to continue bringing high-quality solar projects to communities across the US and provide competitive solutions to utilities, local cooperatives, and corporate clients.”

“Our goal is to expand our portfolio to 2.5 GW by the end of 2026,” said Ovchinnikov. “The expected high growth rates of AI technology and data centers in the US will help ensure our projects will find their customers.”