Activate expands its solar-focused real estate portfolio

By Renewable Energy World Texas-based Activate Renewables, which acquires real estate and royalty interests in wind, solar and energy storage, said it closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy.

The portfolio consists of the real estate related to five solar projects located in North Carolina and Texas. Terms were not disclosed.

Activate said it works with developers to buy land, leases or purchase options associated with renewable energy projects. Activate is funded by D.E. Shaw Renewable Investments (DESRI), with permanent capital that it said is lower in cost than equity and without debt restrictions.

The company said that

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