Tagged Mergers and Acquisitions

Greenbacker acquires 80-MW Montana solar project from Broad Reach Power

By Kelsey Misbrener Greenbacker Renewable Energy announced that through a wholly owned subsidiary, it purchased an 80-MWAC pre-operational solar project from Broad Reach Power. The project, MTSun Solar, is currently under development in Yellowstone County, Montana, with an expected commercial operation date of July 2022. It has a long-term PPA in place with the investment-grade…

Solar EPC CS Energy acquired by private equity firm American Securities

By Billy Ludt CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage and emerging energy industries, has been acquired by affiliates of American Securities, a U.S. private equity firm. “CS Energy fits squarely within our strategy to acquire market-leading companies servicing the U.S. energy transition to renewables,” said…

33-MW of solar capacity installed across 10 projects in Portland, Oregon

By Renewable Energy World Adapture Renewables Inc. announced this week that it completed a portfolio of ten solar projects totaling 33 megawatts (MWdc) of capacity across the Portland, Oregon metropolitan area. Adapture Renewables acquired the portfolio in early 2019. “There are inherent challenges with multi-project portfolios, which require diligent management of development, financing and construction,”…

California solar installer PermaCity acquired by Catalyze

By Kelly Pickerel Independent power producer Catalyze has acquired C&I developer and installer PermaCity. With a commitment to deliver more than 400 MW of projects within the next few years, PermaCity expands Catalyze’s project pipeline to more than 2 GW. Catalyze will use PermaCity’s proprietary rooftop solar panel mounting technology SolarStrap to deploy rooftop solar…

Adapture Renewables completes 33-MW solar portfolio in Portland, Oregon

By Kelsey Misbrener Adapture Renewables announced the completion of a portfolio of ten solar projects totaling 33 MWDC across the Portland, Oregon metropolitan area. Adapture Renewables acquired the portfolio in early 2019 and successfully brought all of the projects to commercial operation by February 2021. “There are inherent challenges with multi-project portfolios, which require diligent…

Akuo acquires five small hydroelectric plants in Bulgaria

By Renewable Energy World Akuo, an independent renewable energy power producer and developer, announces that it has completed the acquisition of five small hydroelectric plants in Bulgaria with total installed capacity of 15.5 MW. Akuo purchased the plants, on the Iskar River near Svoghe, from PVB Power Bulgaria. These assets, whose names were not disclosed,…

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