Soltage completes acquisition of 14 MW solar portfolio from ReNew Petra
Date
August 08, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Photovoltaic
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Soltag LLC has completed the acquisition of 14 megawatts (MW) of solar projects in a portfolio that is expected to total 35 MW after a second close slated for the third quarter of 2019.
The portfolio was acquired from ReNew Petra, a vertically-integrated solar developer, EPC and operations and maintenance company. The company secured long-term power purchase agreements with members of the North Carolina Electric Membership Cooperatives, providing fixed cost and affordable power.
