Sol Systems to purchase 135MW of PV projects in North Carolina

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Helios, which was launched in February 2018,  invests in utility-scale PV assets across the US, combining sponsor capital with financial structuring. Image: Sol Systems

Sol Systems and Nationwide Insurance’s Helios infrastructure joint-venture company has signed off on a deal to acquire a 135MW PV project portfolio in North Carolina. All of the installations were purchased from Cypress Creek Renewables.

Helios, which was launched in February 2018,  invests in utility-scale PV assets across the US, combining sponsor capital with financial structuring. The company’s approach centers on acquiring projects in the final stages of their development.

Yuri Horwitz, CEO of Sol Systems, said: “This transaction puts Helios on track to meet its objectives for the coming year and beyond. As we look to grow, partnerships like the one we have with Cypress, founded upon integrity and execution, will be critical.”

Dan Yonkin, VP of fund and asset Management at Sol Systems, who manages Helios, added: “Helios uniquely provides developers with capital as part of a broader portfolio acquisition. What sets Helios apart is that it is one of the few solar infrastructure platforms with significant in-house development, engineering, construction, and trading expertise, which the team leverages to make compelling risk-adjusted investments alongside our partners.”

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

PV Tech Premium
July 1, 2022
PV Tech Premium spoke with Cypress Creek Renewable Energy and AES Clean Energy to discuss the newly formed US Solar Buyer Consortium, its objectives, market challenges and the potential advantages it holds for US manufacturing and project development.
June 29, 2022
A round-up of the latest news from the US solar market, including EDF Renewables selling its 270MWdc Huck Finn Solar Project to a local utility, CS Energy partnering to deliver New York community solar and NextEnergy Capital expanding its US presence.
June 29, 2022
The US solar industry added 17,212 jobs in 2021, up 5.4% on 2020 figures, with 40% of all US energy jobs now focused on the transition to a net zero economy, according to the Department of Energy’s (DOE) US Energy and Employment Report (USEER).
June 28, 2022
US solar tracker manufacturer Nextracker and steel producer BCI Steel have reopened the Bethlehem steel manufacturing factory in Leetsdale, Pittsburgh that will process steel and produce solar tracker equipment for utility-scale solar projects.
June 23, 2022
The world’s total solar capacity will reach 2,044GW by 2031, with China continuing to lead the way in deployment, making up nearly half (47%) of the world's 1,190GW net solar capacity additions through to 2031, according to research firm Fitch Solutions.
June 21, 2022
A newly formed consortium of four US solar companies has committed to spending US$6 billion on purchasing 6-7GW of crystalline silicon solar modules every year to encourage the rapid scaling of domestic solar manufacturing in the US.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event