- Hull Street Energy sold the platform for an undisclosed sum.
- According to Birch Creek, the deal has given the company access to a development pipeline of 13.5 GW worth of solar and storage projects, with 7.5 GW of those projects located in PJM and MISO.
Birch Creek Energy LLC, a US solar project developer, announced on Tuesday that it has acquired Foundation Solar Partners, a market participant based in Washington with a roughly 5-GW pipeline of solar and energy storage projects. Hull Street Energy sold the platform for an undisclosed sum. The transaction was completed on March 24.
Since its founding in 2019, Foundation Solar has created and sold more than 800 MW of solar photovoltaic (PV) projects. The MISO and PJM markets are where the schemes are primarily found. Seven professionals who formerly worked for Cypress Creek Renewables and SunEdison make up the platform’s staff.
According to Birch Creek, the deal has given the company access to a development pipeline of 13.5 GW worth of solar and storage projects, with 7.5 GW of those projects located in PJM and MISO. The united business will employ 30 people and have its headquarters in St. Louis, Missouri.
Birch Creek has an 8 GW pipeline and has constructed 872 MW of solar plants.