US Joint Venture Formed to Advance 4 GW Renewable Energy Projects

Elmya Energy and Atlantica Sustainable Infrastructure have established a joint venture named Elmantic, focused on developing 4 gigawatts of large-scale renewable energy projects across the United States.

Elmya Energy USA will collaborate with Atlantica's North American division to manage development efforts for the new entity. The venture draws on both companies’ experience in project development, infrastructure investment, and operations.

Atlantica specializes in developing, constructing, and operating renewable energy, storage, efficient natural gas, and transmission infrastructure in North and South America as well as Europe.

Elmya CEO Carlos Piñar noted that the U.S. represents a major and rapidly evolving energy market. The formation of Elmantic aligns with a period of expansion in the domestic power sector and reflects the growing importance of renewable energy in the national economy.

Initial project development will center on greenfield wind, solar, and storage facilities within the ERCOT and WECC regions.

Elmya Energy USA, which maintains offices in Richmond, Virginia and Austin, Texas, intends to expand its team in 2025 in support of the joint venture.

Colin Mott, Elmya’s Managing Director for North America, emphasized that community and landowner collaboration will be a priority in developing new energy infrastructure.