Written by: Leonard Parker | Solar News | 30th March
SolRiver Capital LLC, a national solar investment fund, acquired a 45-MW solar portfolio located throughout the Carolinas from Birdseye Renewable Energy, a leading developer of solar energy projects in the Southeastern United States. This is the second acquisition between SolRiver and Birdseye. The first project, located in North Carolina, was successfully completed last year.
“This expansion of the existing relationship between SolRiver and Birdseye is truly a reflection of the strength of the partnership our teams have built,” said Brandon Conard, Managing Partner of SolRiver Capital.
The solar projects were developed by Birdseye Renewable Energy, which has a strong track record of successfully bringing utility-scale solar projects to completion throughout the Southeast. “Each project we develop is a collaboration with local communities with a focus on innovation such as bio-diversity measures or creative buffering to minimize local impact. We pride ourselves on delivering on our commitments to our communities as promised,” explained Brian Bednar, CEO of Birdseye. “Our partnership with SolRiver allows us to do just that.”
SolRiver Capital, a solar independent power producer, will finance, build, own and operate the portfolio of solar projects. This will be the fifth acquisition for SolRiver in the Carolinas. “SolRiver is proud to invest in bringing affordable clean energy to the communities of North Carolina and South Carolina. We would not be able to make those investments without Birdseye’s expertise in solar development and deep local ties. We look forward to strengthening our partnership with Birdseye and building many more quality solar systems together in the years to come,” said Nicholas Gazzolo, Partner at SolRiver.