HASI and ForeFront Power, a developer and asset manager of commercial and industrial-scale solar energy and battery storage projects, have entered into a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects located across California. The transaction, which reached financial close on March 30, builds upon an initial co-sponsor equity investment for a separate U.S. distributed solar portfolio that HASI made with ForeFront Power in 2022. The portfolio comprises 48.5 MW-DC of commercial and industrial ground-mounted, carport, and rooftop solar, including several projects paired with battery storage totaling 3.7 MW. Approximately 36 MW of the distributed assets are mechanically complete and were funded at financial close, while the remaining projects will be funded upon completion through year-end.
Published first on TheFly
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