In 2021, Luminace, the North American decarbonization-as-a-service business of Brookfield Renewable and Solops LLC, entered into an agreement to co-develop a pipeline of distributed generation projects over the next three years. Luminace will be the primary owner and operator of these projects once fully constructed.
Luminace and Solops are collaborating on the evaluation and development of up to 300 megawatts of distributed generation projects, which will help customers achieve their decarbonization goals and reduce their operating costs. The first set of projects is expected to achieve commercial operations in the third quarter of 2022.
The Luminace partnership supplements and solidifies our capabilities beyond the hep/Solops capacity to further ensure none of our projects have any financing/funding uncertainty.