ForeFront Power enters equity investment with HASI for distributed solar projects in California
ForeFront Power, and HASI, a leading investor in climate solutions, have entered into a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects located across California. The transaction, which reached financial close on March 30, 2023, builds upon an initial co-sponsor equity investment for a separate U.S. distributed solar portfolio that HASI made with ForeFront Power in 2022.
The portfolio comprises 48.5 MW-DC of commercial and industrial ground-mounted, carport, and rooftop solar, including several projects paired with battery storage totaling 3.7 MW. Approximately 36 MW of the distributed assets are mechanically complete and were funded at the financial close, while the remaining projects will be funded upon completion through year-end.
HASI is a leading climate-positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition.
Country updates
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