Birch Creek purchases United States solar, storage space platform with 5-GW pipeline
- US solar project developer Birch Creek Energy LLC on Tuesday claimed it has actually obtained Foundation Solar Partners, a Washington-based market player with an about 5-GW pipeline of solar and energy storage projects.
The platform was offered by Hull Street Energy for an undisclosed quantity. The bargain was settled on March 24.
Set up in 2019, Foundation Solar has actually developed as well as offered greater than 800 MW of solar photovoltaic (PV) projects considering that its establishment. The schemes are mostly situated in the MISO and PJM markets. The platform's team contains seven employees with previous experience in Cypress Creek Renewables and also SunEdison.
The transaction has actually produced a service with a mixed development pipeline of 13.5 GW of solar as well as storage projects in various stages of growth, of which 7.5 GW in PJM and MISO, Birch Creek said. The consolidated company, with headquarters in St Louis, Missouri, will certainly run with 30 workers.
Birch Creek has actually up until now created 872 MW of solar projects and boasts a pipeline of over 8 GW.