Strata Clean Energy gets utility-scale solar designer Crossover Energy Partners

Nov 16, 2022 01:20 PM ET
  • Strata Clean Energy is acquiring Phoenix, Arizona-based Crossover Energy Partners, a utility-scale renewable energy project programmer. This procurement increases Strata's offerings and incorporates Crossover's customer source as well as power offtake proficiencies and also other renewable energy services, including decarbonization as well as the advancement of new innovations like green hydrogen.

" Strata's procurement of Crossover strengthens our ability to bring high-value energy remedies to our clients across a number of market segments and also locations," stated Joshua Rogol, chief development police officer for Strata. "The Crossover group has a well-defined track record of cutting-edge product advancement and funding of set apart power offtake structures. The mix of our platforms will certainly be valuable to Strata as we grow our development pipeline to over 15 GW this year."

Strata intends to utilize Crossover's experience in large-scale project advancement, working with communities, electric cooperatives, community option collectors, investor-owned utilities and also industrial entities, to pursue utility-scale solar as well as storage projects.

"Crossover's track record illustrates the importance of item layout and offtake origination to take full advantage of value for eco-friendly projects. Incorporating our team with the specialist development capabilities at Strata will certainly be a win-win as well as an advancement that our whole team is eagerly anticipating," stated Tiago Sabino Dias, CEO of Crossover.

The specifics of the purchase stay personal, however Strata is purchasing 100% of Crossover's properties and also interest in its development platform.

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