Aspen Power completes acquisition of 42 MW ground-mounted solar projects in Pennsylvania
Aspen Power, a distributed generation platform, has acquired an initial 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy, LLC. These sites, totaling 42 MWdc projects, are the start of Aspen’s agreement with Sunrise for the development of an 84M Wdc portfolio and represent Aspen’s first phase of its multi-hundred MW Pennsylvania strategy.
The projects have been acquired by Aspen Power from Sunrise Energy, and construction of the sites is expected to begin in the coming months. All of the projects will be net-metered under Pennsylvania’s Alternative Energy Portfolio Standard Act, allowing Aspen Power to generate energy and sell excess electricity back to the grid.
Aspen Power is a distributed energy generation platform with the dual mission of accelerating and democratizing decarbonization. In November 2022, Aspen Power secured a US$350 million investment from Carlyle and acquired Safari Energy, significantly expanding the company's footprint in the commercial and industrial solar market.
Country updates
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