CI Renewables takes over peer KDC Solar

• United States solar developer as well as clean energy services supplier CI Renewables LLC has obtained sector gamer KDC Solar LLC from Diamond Castle Holdings LLC and participants of the target's management group.

The deal, which works from January 2020, was postponed past 2020 due to the COVID-19 pandemic as well as the demand to concentrate on wrapping up the development of solar projects in Maryland, California as well as Virginia, the buyer explained in a press release.

CI Renewables said it anticipates to quickly reveal the closing of financing for a 10-MW solar project in Madera, California, after previously doing the same for 29 MW of projects in Howard County, Maryland. It likewise continues to pursue various other developments in Maryland, as well as in Virginia as well as its house state of New Jacket.