CleanCapital gets developer BQ Energy

Jul 1, 2022 02:20 PM ET
  • Energy investment platform CleanCapital has actually obtained renewable resource developer BQ Energy (BQE), including 300MW of late-stage solar growth to its pipe.
CleanCapital gets developer BQ Energy
Image: CleanCapital

The developer runs in various markets-- community solar, commercial and also commercial (C&I) solar and utility-scale solar-- with the particularity of creating in "environmentally jeopardized" sites such as coal plants, refineries or mines.

As well as the 300MW of projects in late-stage advancement, BQ Energy will additionally add 700MW of solar projects in mid-stage development.

CleanCapital is to fund the growth of BQE's long-term pipe, with the developer coming to be an entirely owned subsidiary.

Paul Curran, Chief Executive Officer at BQ Energy, said: "Functioning under the CleanCapital umbrella gives remarkable synergies for our groups. With CleanCapital's financial backing, our growth group can focus on what they are terrific at-- rather than raising resources bit-by-bit, we can obtain even more brownfield solar projects established as well as constructed."

Last month, the investment platform had actually secured a US$ 200 million debt center that would certainly support its pipeline of distributed solar as well as energy storage projects in the United States.

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