Denham completes acquisition of Solops, announces US$200m commitment

Denham Capital has finalized a purchase deal with Solops, a developer, lender, and owner and operator of more than 800 MW of commercial and industrial solar photovoltaic (PV) projects in the United States.

Under the terms of the transaction, Denham will contribute US$200 million to assist Solops' project pipeline and commercial expansion. The Inflation Reduction Act (IRA) extends US renewable power subsidies and targets domestic product and low-income community incentives, strengthening the business strategy.

This agreement with Solops is in line with Denham's Environmental, Social, and Governance (ESG) framework, and is designed to make solar energy more accessible and affordable, regardless of whether customers have a roof or land suitable for solar panels.