CleanCapital takes control of BQ Energy with 1-GW solar pipeline

• Clean energy investment platform CleanCapital has taken control of BQ Energy (BQE), a renewables programmer with a gigawatt-scale pipe of solar projects in the US.

CleanCapital did not disclose how much it paid for the acquisition but claimed it will fund the growth of projects in BQE's substantial lasting pipeline.

Established in 2002, BQE creates community solar, commercial & industrial (C&I) solar as well as utility-scale solar projects on garbage dumps and also retired industrial sites. It has more than 300 MW in late-stage solar projects and over 700 MW in mid-stage solar developments.

"With CleanCapital's sponsorship, our development team can concentrate on what they are terrific at-- as opposed to raising resources bit-by-bit, we can get even more brownfield solar projects created as well as built," commented Paul Curran, CEO of BQ Energy.

CleanCapital itself has actually efficiently acquired and also handled some 200 projects in 24 states with a combined capacity of more than 300 MW to day, however because early 2021 it has additionally been associated with the development of construction of solar as well as storage assets.

Last year, the platform obtained a USD-300-million (EUR 285m) commitment from Manulife Investment Management.