iSun buys solar EPC firm to go into utility-scale segment in US

Apr 7, 2021 12:26 PM ET
  • US solar energy and also tidy mobility framework company iSun Inc (NASDAQ: ISUN) has obtained every one of the copyright of Oakwood Construction Services Inc (OCS) and its affiliates for USD 2.7 million (EUR 2.3 m).
iSun buys solar EPC firm to go into utility-scale segment in US
Image: iSun Energy LLC

The takeover of this design, procurement and construction (EPC) service provider enables iSun to get in the utility-scale segment of the solar power market. Likewise, the purchase aligns with the company's geographical expansion technique.

"By participating in the growing large-scale utility solar EPC as well as build-transfer markets, we are improving iSun's already solid position in business and also industrial solar markets and also making iSun one the largest pure-play solar EPC service providers in the US," stated Jeffrey Peck, chairman and CEO of iSun.

OCS has contracted some 450 MW of utility-scale solar assets in the country since 2017 for an overall fair market value of almost USD 700 million. It has projects in South Carolina, Utah and also Colorado.

iSun ran under the name The Peck Company up until just recently when it got iSun Energy LLC, a service provider of solar power, electrical mobility and also wise city solutions.