Scale Microgrids recently acquired the distributed generation solar project portfolio from a leading solar asset owner. The portfolio is an operating 8.0 mega-watt system consisting of 13 ground-mount and rooftop solar projects. Through this geographically diverse 23-site sale, Scale Microgrids will now own and operate assets in New Jersey, Colorado, North Carolina, Oregon, Pennsylvania, Delaware and expand its portfolio in California.
“This acquisition adds diversification to our operating asset base, accelerates customer acquisition, and opens several new markets. Additionally, it will contribute to our company’s vision of powering the world with distributed energy,” said Julian Torres, Chief Investment Officer at Scale Microgrids.
The transaction was executed through LevelTen Energy’s Asset Marketplace, a platform that connects clean energy project developers and financiers, and provides the software, analytics and M&A transaction expertise they need to execute transactions quickly.
LevelTen Energy launched its Asset Marketplace in 2021, and since then more than 250 clean energy project developers have participated in over 90 asset processes. “With this large portfolio of projects, Scale Microgrids is continuing to bring more sustainable, reliable, and affordable power to the grid, and LevelTen Energy is excited to have assisted in providing the connection that made the acquisition possible with our Asset Marketplace,” said Patrick Worrall, Vice President of Asset Marketplace, LevelTen Energy.
About Scale Microgrids
Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning, and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers to take charge of their energy infrastructure and future-proof their businesses. To learn more about Scale Microgrids visit https://www.scalemicrogrids.com/