A new utility-scale PV project developer, Agile Energy has received an undisclosed investment from Good Energies in a Series A round of funding. Agile Energy was founded by Glen Davis and Robert Morgan, veteran energy executives. The company said that it would focus on developing grid-connected, ground-mounted solar projects in North America with generating capacity over 5MW. Agile Energy claims to have a pipeline of projects totaling 400MW and would use PV or CPV technologies with suppliers selected on a competitive basis.
“Good Energies is excited to be investing in an outstanding management team with a strong platform and a demonstrated track record of success in power project development,” said Will Nesbitt, managing director at Good Energies. “We believe the solar market in North America offers significant growth potential and Agile Energy will be one of the leading solar and renewable energy developers.”
“With utility-scale solar entering a period of high growth, this investment by Good Energies is perfectly timed,” said Robert Morgan, president of Agile Energy. “We foresee demand for more than 20,000MW of utility-scale photovoltaic power in North America alone. Agile Energy is strategically developing its portfolio in jurisdictions that have favorable economics, a strong solar resource and an increasing demand for renewable power.”
The financing from Good Energies was said to be sufficient for the company to start development activities.