Global Atlantic sold 33% Stake in 26 Solar Facilities to APG

Global Atlantic Financial Group (Global Atlantic) has sold its 33% minority interest in a portfolio of 26 operating solar facilities and two energy storage facilities to APG.

The portfolio comprises around 2.2 GW of operational solar and storage capacity spread across six states. The power generated by these facilities is contracted under long-term agreements with utilities throughout the nation. Southern Power, along with its subsidiaries, will retain its role as the general partner in the partnership, overseeing the overall operations of the projects. Onpeak Capital LLC acted as the exclusive financial advisor to Global Atlantic, while Truist Securities held the exclusive financial advisory role for APG.