German fund partners with ReNew Petra to develop annual 100MW of US solar

July 18, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
ReNew Petra wants to develop 100MW of distributed solar annually with the investment. Credit: Flickr/Activ Solar

German clean energy fund Hep Kapitalverwaltung AG has entered the US distributed solar market with an investment in regional developer ReNew Petra.

The German fund will invest $50 million to $80 million annually in the North Carolina-based developer, according to figures reported by Bloomberg on Wednesday,

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The partnership will allow the renewable energy construction and management company to develop 100MW of distributed solar annually and expand its reach beyond the south-eastern US.

The partnership marks a new chapter for Hep, which has developed and constructed €450 million (US$505 million) worth of solar projects worldwide. “Our partnership with ReNew Petra launches Hep’s new strategic endeavor in the US distributed solar market,” company founder Christian Hamann said in a news release on Wednesday. “We are excited about this new chapter for our investors.”

The new development entity will operate as Emerald Hills Holdings.

California-based advisory firm Zorya Energy Advisors advised Hep on the purchase.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 15, 2025
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
October 13, 2025
The world is on pace to exceed 3TW of cumulative solar installations by the end of the year, according to a report from DNV.
October 13, 2025
US solar manufacturer T1 Energy has acquired a minority stake in fellow US-based solar cell producer Talon PV.
October 8, 2025
Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK