US installer REC Solar makes commercial move with Stellar Energy acquisition

Facebook
Twitter
LinkedIn
Reddit
Email

US installer REC Solar has acquired rival business Stellar Energy to bolster its US-facing commercial solar operations.

The two companies announced the deal yesterday, confirming that REC Solar had sealed the deal through an asset purchase agreement signed with Stellar Energy parent company Soligent Holdings.

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

Stellar Energy will bring with it its commercial operations as well as a portfolio of 62 operational projects with a combined capacity of 60MW, taking REC Solar’s total portfolio in the US to more than 200MW.

REC Solar will also take on Stellar’s 28MW-strong O&M portfolio to bolster its own O&M business which will amount to in excess of 200MW as well.

REC Solar confirmed that “most” of Stellar Energy’s personnel would be retained in order to “ensure a seamless transition” for Stellar’s customers, and Stellar Energy vice president Ted Walsh is to join REC Solar as VP of business development.

“By combining out complementary services and strong customer relationships, we now have the resources to serve our customers with a fully integrated offering,” Walsh said.

““By enhancing this expertise with Stellar’s team and streamlined customer financing through our partnership with Duke Energy, we’re helping more customers go solar with no money down and immediate energy savings,” Al Bucknam, CEO of REC Solar, said.

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines