The portfolio marks DSD’s first venture in Minnesota, a land where community solar adoption has been widespread and effective.
The Grandview solar project is the latest acquisition in the company’s commitment to developing a strong portfolio of renewable energy assets in the Midwest.
The deals adds SCADA, power plant and battery control, and energy marketing offerings to Power Factors’ platform, and increases the company’s customer asset management portfolio to nearly 200 GW.
The utility-scale solar developer announced a strategic investment in Valta Energy, a California-based distributed generation developer, owner and operator with a 200 MW solar project pipeline.
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
EY’s most recent transactions in power and utilities report shows that while Europe is looking to fill a Russian-sized void in energy supply, renewables remain an attractive investment in the US.
The company announced it will spin-off and sell its development arm to ECP, along with its project pipeline of 8.4 GW solar, 6.4 GW/25 GWh of energy storage.
Axium’s first renewable energy development company acquisition will provide BlueWave with the capital to evolve its business model to develop and construct, as well as own and manage the projects within its development portfolio.
The two companies are partners on a fully integrated distribution management system and distributed energy resources management system (DERMS).
The 7 MW installation is part of a larger 70 MW portfolio in Maine, purchased by Goldman Sachs in late 2021.
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