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Nova Clean Energy Acquires 1GW Texas Renewable Portfolio from BNB, Aiming to Serve Petrochemical Industry Needs.

Nova Clean Energy has acquired a 1GW Texas renewable portfolio from BNB, with the company initially partnering with BNB to provide long-term development services. Nova will now take on responsibility for commissioning the projects. The acquisition comes as Nova has not specified how it will use the power generated at the portfolio, but noted that the HyFuels project is ideal for serving the petrochemical industry in Texas. BNB CEO Jos Nicholas and Nova leaders are optimistic about the future of the portfolio.

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