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.”