Invenergy launches community solar-focused JV, targeting 3GW of renewables capacity by 2030

Facebook
Twitter
LinkedIn
Reddit
Email
The new company will develop community and small-scale utility solar plants. Image: Invenergy Renewables.

Solar developer Invenergy has partnered with US-based investment platform Lafayette Square to form a joint venture (JV) that will develop and operate PV plants primarily serving low- to moderate-income (LMI) communities and areas disproportionately affected by the clean energy transition.

Called Reactivate, the company will aim to develop 3GW of renewables capacity by 2030, focusing on community and small-scale utility solar, energy storage, building electrification and electric vehicle charging infrastructure.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Invenergy and Lafayette Square said the JV will leverage their experience in renewables and finance as it looks to make an impact by increasing access to renewables and providing energy cost savings for LMI families and individuals who subscribe to its solar projects to receive credits on their bills.

The company has also set itself a target of saving US$50 million in energy costs for LMI households and facilitating workforce training for 2,500 underserved workers.

“By bringing together capital, technology, experienced solar operators and targeted employee training programmes, we believe we can create a more inclusive and localised renewable energy production model benefitting historically marginalised communities,” said Lafayette Square founder and CEO Damien Dwin, who has previously invested in Invenergy.

Solar projects that provide employment or community-building benefits for low-income areas would be able to profit from new investment tax credit (ITC) benefits proposed in President Joe Biden’s Build Back Better Act, the fate of which is unclear after Senator Joe Manchin said he would not support the package last month.

Invenergy’s expansion in the community and small-scale utility solar sector comes after the developer received a US$3 billion investment from alternative asset manager Blackstone to drive an accelerated build-out of its clean energy platform.

Dwin launched Lafayette Square early last year, with the firm securing US$100 million of financing from Morgan Stanley.

Read Next

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.
July 11, 2025
Solar firms submitted over 1,300 expressions of interest to the latest Italian government renewable energy tender, for a combined 17.5GW of proposed generation capacity.
July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 
July 8, 2025
Energy consultancy JMK Research has forecast 28.3GW of utility-scale and residential solar PV to be installed in India during fiscal year 2026.
Premium
July 8, 2025
In the latest NEM data spotlight, solar generation in Australia reached its yearly lowest month, while rooftop solar prices spiked to AU$225.57/MWh.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK