Tag: acquisition
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Standard Solar acquires 84 MW community solar portfolio in Illinois
Standard Solar has acquired an 84 MW community solar portfolio in Illinois. The combined capacity of these 14 projects will contribute to Illinois’ renewable energy generation goals of 100% clean energy by 2050, reducing greenhouse gas emissions and advancing a more sustainable energy landscape. The portfolio consists of three sets of community solar gardens in……
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DSD acquires 15 MW community solar portfolio from New Energy Equity in Minnesota
DSD Renewables has acquired a nine-project, 15 MW community solar portfolio in Minnesota from New Energy Equity. The 100% residential-offtake portfolio is estimated to generate more than 20,000 MWh total per year, delivering power to approximately 900 subscribers. The acquisition increases DSD’s existing footprint in the state, following the acquisition of an 11.3 MW community solar portfolio……
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ENGIE acquires Houston energy storage business Broad Reach Power for $1 billion
French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power for $1 billion. The deal was made with EnCap Energy Transition and its co-investment partners Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds. “Our firm’s success is a direct result of the tireless dedication of our team, who go above and beyond every day” said……
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Spruce Power acquires portfolio of 2,400 residential solar systems for $20.9 million
Spruce Power Holding Corp. has acquired a portfolio of more than 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on Aug. 18. The acquired portfolio consists of residential solar systems in California, New Jersey and Massachusetts, with an average remaining contract life of nearly 11……
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Nautilus acquires 270 MW Great Lakes community solar portfolio in ESA deal
Nautilus Solar has acquired a portfolio of up to 270 MWdc community solar projects in the Midwest from ESA. The companies formed a strategic co-developed partnership with the aim of encouraging early-stage community solar initiatives in the Great Lakes region. This relationship lays a strong foundation for ESA’s sustainable growth trajectory, ensuring continued profitability while……