Neuwing Development and Renewable Power Partners (RPP) have completed a definitive merger agreement, creating Neuwing Renewable Energy (NRE), which will focus on wholesale, utility-scale solar projects ranging from 5-20MW in the Mid-Atlantic region.
“This merger creates one of the East Coast’s largest solar development companies, based on project pipeline and megawatts currently under development,” said Robert Rabe, RPP’s founder and president. “We all benefit from the increased scope, scale and critical mass afforded by this merger, which substantially increases our financial capability, adds value to existing projects and creates new opportunities for growth. We are stronger and more diverse as a combined entity.”
“This merger has created an exceptional platform for operational execution and future growth,” said Chad Gottesman, CEO of the newly combined entity. “Each company is contributing strategic assets, experienced personnel, and operational capabilities. More importantly, we have created a management team with deep expertise in renewable energy project development as well as extensive experience in commercial land development, finance, and real estate law. By consolidating the broad experience of our operations and executive personnel and taking advantage of an infusion of equity, new strategic opportunities have already started to emerge.”
The new company will be headquartered in Wilmington, DE with additional offices in Cherry Hill, NJ.