Denham Capital gets US C&I solar player Solops

• US exclusive equity financier Denham Capital stated on Friday that it has closed the purchase of New Jersey-based firm Solops LLC, a designer, financier, owner and also operator of solar PV systems in the business and commercial (C&I) sector.

Denham will support Solops' development, including the implementation of its 800-MW-plus project pipe with a first financial investment of USD 200 million (EUR 187.1 m).

The Solops monitoring group has jointly developed and built over 3 GW of C&I solar projects across 29 US states and closed on funding over of USD 2.1 billion, according to Denham.

" Solops is a wonderful chance for Denham Sustainable Infrastructure's newest fund to help execute on our "acquire and also develop" technique, where we are supporting the development of organizations led by sector professionals," stated Justin DeAngelis, companion and co-head of lasting infrastructure at Denham Capital.

" We have been supporting international investment in utility range solar PV for over 15 years and Solops is our very first investment in the distributed generations space, where we see lots of opportunities not only in the United States yet internationally."

"Under this new ownership, Solops currently comes to be an independent power producer providing it full control over the whole project life cycle in order to implement the Solops best technique plans and treatments which have been very successful over the past twelve years," added Matthew Rosenblum, CEO and also founder of Solops.