Nelnet Renewable Energy Shifts Focus to Commercial Solar
- Nelnet Renewable Energy shifts focus to commercial solar projects, aiming to become a leading EPC contractor in the Midwest and New York.
Nelnet Renewable Energy, a unit of Nelnet, is shifting its focus from residential solar operations to commercial solar projects due to challenging regulatory and economic conditions in the residential sector. The Lincoln, Nebraska-based firm will concentrate on developing and constructing commercial solar projects in the Midwest and New York, with around 15 projects currently under construction averaging 4 MW in size.
The company specializes in financing, developing, deploying, and operating clean energy solutions, and recently integrated EPC contractor GRNE Solar following an acquisition in 2022. Nelnet aims to become a leading commercial solar EPC contractor and consultant, with the resources and expertise to deliver high-quality projects and solutions for its customers, according to CFO Jim Kruger.
Why is Nelnet Renewable Energy shifting focus to commercial solar projects?
- Challenging regulatory and economic conditions in the residential sector have prompted Nelnet Renewable Energy to shift its focus to commercial solar projects.
- The company will concentrate on developing and constructing commercial solar projects in the Midwest and New York.
- Nelnet Renewable Energy currently has around 15 commercial solar projects under construction, with an average size of 4 MW.
- The company recently integrated EPC contractor GRNE Solar following an acquisition in 2022.
- Nelnet aims to become a leading commercial solar EPC contractor and consultant, with the resources and expertise to deliver high-quality projects and solutions for its customers.
