Glidepath Ventures has announced the sale of an 887.5MWdc portfolio of early-stage utility-scale solar projects in the regional transmission area PJM Interconnection (PJM) to a leading clean energy-focused development and investment firm. Terms of the transaction were not disclosed.

Glidepath Ventures originated and developed the regionally clustered utility scale projects in 2019. The projects are expected to achieve commercial operations in 2022.

"Glidepath was founded in 2017 to create a highly scalable and efficient approach to the origination and development of renewable energy projects. This transaction underscores the success of our scaled origination platform, which we are now deploying with similar success in multiple markets across the United States," said Carl Jackson, a Partner of Glidepath Ventures.

"We're very pleased to have placed this utility-scale project portfolio with a strong, capable developer who can carry these projects forward," said Charles Silio, a Partner of Glidepath Ventures.

"Going forward, Glidepath will continue to build on our portfolio of more than 2.0GW of early- and mid-stage solar energy projects and to engage with best-in-class financial and operational partners."

This transaction follows Glidepath's recent announcement of a 278MWdc investment by Grasshopper Solar, bringing their total portfolio in Pennsylvania to more than 1GWdc.

Redwood Energy served as Glidepath Ventures' financial advisor and GreeneHurlocker, PLC served as Glidepath Ventures' legal counsel on the transaction.

Related Links
Glidepath Ventures
All About Solar Energy at SolarDaily.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Kimberly-Clark backs local 3MW solar farm in LaGrange, Georgia
LaGrange GA (SPX) Feb 28, 2020
A 3MW solar photovoltaic (PV) project has been completed and commercialized by United Renewable Energy at Kimberly-Clark's facility in LaGrange, Georgia. The project was the result of collaboration between Kimberly-Clark's facility, United Renewable Energy LLC as the project developer and builder, and NextEra Energy Resources, LLC through a subsidiary, which is the long-term project owner. All of the output from the new solar facility, along with all the renewable energy credits (RECs) will be sol ... read more