Arion Energy acquired Sustainable Designs LLC, dba SunKey Energy, one of the Colorado’s leading distributed generation solar EPC contractors. SunKey, a privately owned company, has designed, and constructed more than 400 residential and commercial solar PV systems across Colorado and surrounding States since its inception in 2013. SunKey is one of the fastest growing companies in this competitive space substantially increasing its annual revenue in 2016 using its successful business model.
Together with SunKey, Arion will offer a fully-integrated and strategic business plan to solar project development. Arion’s long-term vision, extensive pipeline and established market penetration in the commercial & industrial (C & I) and utility scale segment will be complementary to SunKey’s business model, EPC expertise and will strengthen the strategic value proposition on a regional and national scale.
“We have observed a very strong demand in the market for integrated and scalable platforms with a comprehensive in-house project development capabilities. This is a transaction between two strongly aligned players with a great strategic fit and synergy which provides a complete in-house EPC solutions for residential, C & I distributed generation, and utility scale project development,” stated Nick Azari, PhD President & CEO of Arion.
“We believe SunKey’s successful distributed generation business combined with Arion’s financial and development expertise, and market presence will enable the platform to expand significantly in the years ahead,” said SunKey’s CEO Todd Valdez.
SunKey will continue to operate throughout the U.S. as a wholly owned subsidiary of Arion.
— Solar Builder magazine