Borrego offloads project advancement system

Jul 28, 2022 09:03 PM ET
  • ECP will operate new entity as an independent organization led by existing management group
Borrego offloads project advancement system
Image: Borrego

United States solar and also storage space programmer Borrego has completed the spin off and also sale of its advancement business to ECP.

ECP will certainly operate the business, renamed New Leaf Energy, as an independent entity to be led by the present advancement management group.

Headquartered in Lowell, Massachusetts, New Leaf Energy has a pipe of 450 projects, consisting of greater than 8.5 GW of solar and also 7GW/28GWh of energy storage space projects.

The firm will certainly be experts in distributed generation and utility-scale solar and storage space.

New Leaf Energy will certainly work on strengthening its substantial solar as well as energy storage space DG presence in core markets such as New York, Massachusetts, Maine, Virginia, Pennsylvania, Delaware and also Illinois.

It will certainly also continue pursuing targeted utility-scale solar and also storage development in several of those markets in addition to in added states including California, Arizona and Colorado.

" We bring the knowledge, experience, culture as well as development strategy we honed at Borrego to New Leaf Energy as well as the ECP family members of firms," said Dan Berwick, CEO of New Leaf Energy.

" Borrego made us the most effective renewable energy developer in the country, as well as we will certainly always share a bond with our friends there.

" There will be no disruption to our service focus or for our consumers, as well as stakeholders can remain to count on our tremendous track record of industry management under the new flag.

" ECP is a helpful owner with tremendous experience in this space and we're delighted for their assistance as we continue to pursue our mission."

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