Korsail Energy secures investment to support 2GW solar and storage pipeline

Facebook
Twitter
LinkedIn
Reddit
Email
SolRiver Capital owns and operates more than 180MW of solar and storage projects in the US. Image: SolRiver Capital.

US solar developer Korsail Energy has secured a development capital commitment from renewables investment fund SolRiver Capital.

The investment will enable Colorado-based Korsail to drive its 2GW of solar and storage projects to completion, according to the companies.

Don Buchholz, VP of development at Korsail, said the investment will provide the developer with the capital to fund the major development expenses and corporate overhead required to succeed with its portfolio.

Collaborating with landowners, utilities and communities, Korsail develops solar and storage projects across the US.

“Korsail has an impressive portfolio of high-quality solar and storage projects under development in various markets, which are a great fit for SolRiver’s investment platform,” said Nick Gazzolo, partner at SolRiver Capital. 

Dedicated to financing the acquisition, development and construction of distributed and utility-scale solar projects, SolRiver currently owns and operates more than 180MW of PV and storage plants in the US.

The investment fund announced the completion of a 14MW solar project in South Carolina earlier this month.

Read Next

September 30, 2022
Utility-scale renewables developer Intersect Power has secured US$3.1 billion in project financing to complete its 2.2GW near-term clean energy portfolio in the US.
September 29, 2022
Heather Zichal has announced she will leave the American Clean Power Association (ACP) after two years as its CEO.
PV Tech Premium
September 29, 2022
US solar and storage developer Avantus is scaling up a strategy of deploying high-capacity factor power plants that aim to maximise transmission infrastructure while limiting curtailment.
September 28, 2022
Lightsource bp has closed a BRL800 million (US$147 million) financing for its 210MWp Milagres solar project in the Brazilian state of Ceará.
September 28, 2022
A new partnership between CrossBoundary Energy Access and Engie Energy Access plans to build a US$60 million portfolio of mini-grids that are expected to connect more than 150,000 people to electricity in Nigeria.
September 28, 2022
The ENACT Installer App automates the complete journey of the customer, right from first contact to complete installation.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)