Independent power producer Catalyze has acquired Northeast solar developer Sol Alliance and its 80-MW development pipeline of solar projects.
Sol Alliance is a 15-year veteran of the solar industry, working on over 275 MW of solar projects across the Midwest, Northeast, Mid-Atlantic, Southeast and Puerto Rico. Sol Alliance partners Stephen Owen and Jared Haines, along with VP of operations Matthew Effler, will join the Catalyze team.
“We’ve been successfully partnering with Sol Alliance for over a year on project development and acquisition and have experienced firsthand the team’s ability to deliver projects from conception to installation with speed and certainty, while maintaining the highest quality standards,” said Catalyze CEO Steve Luker. “As with the consolidation of California-based developer PermaCity earlier this year, the Sol Alliance transaction builds on our previously announced plan to grow our national presence by acquiring leading regional distributed solar development firms that bring a wealth of in-depth knowledge of the local landscapes and introduce synergies to a highly fragmented industry.”
As part of the transaction Sol Alliance will gain access to Catalyze’s origination-to-operations software integration platform, REenergyze, and proprietary rooftop solar panel mounting technology, SolarStrap, along with energy storage and integration expertise, supply chain, committed project capital, tax equity partners and shared services.
“We are excited for this next chapter of growth and development with the Catalyze team and are firm believers in the power of the REenergyze platform,” said Sol Alliance Partner Stephen Owen. “Throughout our relationship, Catalyze has been a strong resource, allowing us to increase our effectiveness and efficiency. With our respective customer success strategies aligned and a shared priority on cutting-edge technology, we are confident that we will have even greater joint successes during this pivotal time in the world’s energy transition.”
