The pace at which solar assets are being put on the market shows no sign of slowing down, as auctions for substantial portfolios of development-stage and operational assets continued to be launched in June.
These are no cookie-cutter transactions, thanks in part to the multiplicity of revenue streams made available in the various states and in part to the ingenuity of the originators who go out in search of power purchase agreements and hedges.
SunEast’s development pipeline in Upstate New York, for instance, is largely a play on New York State Energy Research and Development Authority renewable energy credit agreements, whereas Constellation’s sale of its solar business could be more of a bet on the scope for growth in the commercial, industrial, municipal and academic solar market.
Those auctions will serve as an additional distraction to investors already considering Heelstone Renewable Energy’s portfolio of assets in Maryland and Georgia, Cypress Creek Renewables’ portfolio of contracted projects in North Carolina, and several other packages previously put on the block.
Latest solar M&A auction news:
June 30 - Developer hawks 13-project solar portfolio in NY
June 30 - Sale process launched for C&I solar platform
June 27 - Seven-project solar portfolio up for grabs
June 26 - Bids due for Louisiana solar plant
June 22 - Real estate developer seeks buyer for SC solar project
June 22 - Cypress Creek markets solar portfolio