Greenskies, a vertically-integrated solar company in the US, will continue to operate under its brand and management from its headquarters in Middletown, Connecticut. Image: NPS Climate Change Response / Flickr
Clean Focus Yield Limited and its affiliates have purchased Greenskies Renewable Energy — making Clean Energy the owner and operator of the largest commercial and industrial (C&I) portfolio in the US.
Greenskies, a vertically-integrated solar company in the US, will continue to operate under its brand and management from its headquarters in Middletown, Connecticut.
Greenskies expects to expand its base of large corporate and retail clients, with the company also planning to build out its 350MW PV project pipeline and expand into new segments including schools, hospitals, and community solar.
Stanley Chin, president and CEO of Clean Focus, said: "Clean Focus is excited to add Greenskies to its integrated group of companies. This acquisition strengthens Greenskies, grows Clean Focus, and provides new opportunities for our customers and financing partners. We look forward to accelerated growth across a wide breadth of markets."
Will Herchel, president of Greenskies, added: This purchase and investment is the next big step for Greenskies. We have seen explosive growth over the last five years, and this infusion of capital adds jet fuel to our business engine. With the support of Clean Focus, Greenskies will accelerate its growth, and it is better prepared to weather potential headwinds in the solar market."
Solar Media’s Energy Storage Summit Americas has arrived in Fort Lauderdale to provide a platform for this next step in renewable energy industry. The energy storage market and development brings as many challenges as it does advancements, with a myriad of technologies, capacities, functions, and lifespans. With most projects still in development and technologies with sparse track records, knowledge in this fledgling industry is invaluable. Investors, utilities, consumers, and all renewable energy participants have to not only understand the market, but be able comfortable enough to make the right investment in energy storage to not be left behind the curve. Our event is the platform for companies to bridge the gap between “future energy storage plans” and “installed energy storage”. Join us to discuss the latest news on standardization, comparing battery technologies, financing projects in different markets, resilient microgrids, and storage use for emergency response and aid, among many others. We will not only to educate and familiarize attendees on the capabilities and benefits of energy storage, but make the connections, and introductions, to accelerate energy storage development in North, Central, and South America.