Grenergy buys minority stake in Sofos Harbert
Grenergy has made a strategic move into the US renewable energy market with the acquisition of a 40% stake in Sofos Harbert Renewable Energy, a Birmingham, Alabama-based photovoltaic and battery project developer. After a three-year period, Grenergy will have the option to acquire the remaining shareholding.
Sofos Harbert has developed and connected more than 560 MW of solar PV projects for third parties. Additionally, the company has a portfolio of 1.9 GW of solar energy projects under development in three different electricity markets (Southeast, PJM, MISO), and an experience in energy storage projects, and a solid organizational structure.
Grenergy was advised by PWC (financial), Clifford Chance (legal), and Enertis (technical), while Sofos Harbert was advised by RS Corporate Finance (financial) and Dentons (legal).
Country updates
-
-
February 13, 2023
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 St...
Read more -
February 13, 2023
Sunrun, PG&E collaborate on 30 MW Residential Battery-Powered Virtual Power Plant in California
Sunrun and Pacific Gas and Electric Company (PG&E) have launched the Energy Efficiency Summer Reliability Program to provide meaningful and flexible support from residential solar and battery syst...
Read more -
February 10, 2023
Lightsource bp starts commercial operation of 293 MWdc Sun Mountain solar project in Colorado
Lightsource bp, in partnership with Xcel Energy and McCarthy Building Companies, has started the commercial operation of the 293 MWdc Sun Mountain solar photovoltaic project located in Puebl...
Read more -
February 10, 2023
Avantus starts construction of 110 MW solar PV project in Texas
Avantus (formerly 8minute) has started the construction of the 110 MW Galloway 2 solar photovoltaic project located in Concho County, Texas, USA. The project is majority-owned by Alli...
Read more -
February 10, 2023
Lightsource bp starts commercial operation of 293 MWdc Sun Mountain solar project in Colorado
Lightsource bp, in partnership with Xcel Energy and McCarthy Building Companies, has started the commercial operation of the 293 MWdc Sun Mountain solar photovoltaic project located in Puebl...
Read more
