Canadian infrastructure investment company OMERS Infrastructure is acquiring Massachusetts-based solar developer Navisun.
“We are pleased to announce our investment in Navisun and look forward to working with founders John Malloy and Doug Johnsen and the rest of the management team to continue to scale its business. Navisun, like OMERS Infrastructure, is truly focused on building long-term partnerships. We are excited at this opportunity to help Navisun realize its objectives of growing into a major distributed generation solar power and storage platform,” said Tom Frazier, managing director of the Americas at OMERS Infrastructure.
Based in Hingham, Massachusetts and founded in 2017, Navisun targets solar power and storage projects ranging from approximately 1 to 30 MW. The company acquires, co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States.
“We are excited to announce Navisun’s partnership with OMERS, a deeply-experienced global investor. Our shared goal is to significantly expand Navisun’s position as a leading solar and storage independent power producer. OMERS’ long-term backing further strengthens the execution certainty for which Navisun is proudly known,” said John Malloy, co-founder and managing partner of Navisun.
