CleanChoice Energy Triples Capacity with Solar Acquisitions in North Carolina
Key Takeaway
This acquisition demonstrates ongoing consolidation and expansion within the solar energy market, driven by financial investment, offering insights into regional growth opportunities for developers and potential supply options for large consumers.
AI Summary
- •CleanChoice Energy acquired two solar power projects in North Carolina (Halifax and Bertie counties) totaling 222.2 MW, effectively tripling its generation capacity.
- •The acquisition highlights continued M&A activity and growth in the solar sector, particularly for companies focused on supplying clean energy to homes and businesses.
- •Majority ownership by funds managed by True Green Capital Management underscores the significant role of financial investors in scaling renewable energy portfolios.
Topics
Article Content
A company known for supplying "farm-to-table" clean energy to homes and businesses said it was growing its portfolio by acquiring two solar power projects in North Carolina. CleanChoice Energy, which is majority owned by funds managed by True Green Capital Management, on February 18 said the company was adding projects located in Halifax and Bertie counties that combined have generation capacity of 222.2 MW. The post CleanChoice Energy Triples Capacity with Solar Acquisitions in North Carolina appeared first on POWER Magazine .