In a game-changing development for the renewable energy sector, Sunrise Mountain Partners has proudly announced an expansion of its co-development partnership with energy powerhouse CleanCapital. This collaboration is not just about producing energy, but also about fostering community growth and sustainability.
Impressive Growth in Clean Energy Projects
Boasting a portfolio that includes the successful operation of over 220 projects and a whopping 291 MW across 21 states, CleanCapital is at the forefront of the solar and storage industry. Their commitment to clean energy development is made evident through an impressive deployment of over $1 billion capital. The enhanced partnership promises to expedite investments into solar farms that are not only community-friendly but also economically advantageous.
Seamless Symbiosis of Development and Capital
The synergy between Sunrise Mountain Partners and CleanCapital has already borne fruit, with over 35 projects across three states in their collective portfolio. Leveraging Sunrise Mountain’s development prowess and CleanCapital’s financial and operational expertise, this duo is gearing up to set in motion numerous community solar farms. As a result, these initiatives are expected to supply an impressive 350 million kWh of clean energy, while spurring job creation and boosting local economies.
Leadership with a Unified Vision
Nicholas Minekime, the visionary CEO of Sunrise Mountain Partners, stresses the importance of this augmented alliance, acknowledging its potential to enhance community welfare through better job prospects and lower electricity costs. Meanwhile, CleanCapital’s Thomas Byrne is effusive in his praise of the partnership’s transformative potential, signifying a deep trust and mutual respect that has been cemented over the years.
Adding to this sentiment, Paul Curran from CleanCapital sees this partnership as a pivotal moment towards attracting more institutional investment into essential grid projects, thereby fast-tracking America’s journey towards a clean energy future.
Commendations from Key Players
The CEO of Verdonck Partners, Patrick Verdonck, lauds Sunrise Mountain’s engagement with stakeholders as a defining factor in their success as a solar project developer, with particular emphasis on their collaboration with local communities and landowners.
Pedigree and Expertise in Solar Endeavors
Underpinning this partnership is Sunrise Mountain Partners’ solid foundation, helmed by clean energy aficionado Nicholas Minekime. Their team’s experience extends to the development and management of over 70 solar farms, indicative of a robust $1.2 billion venture spread across 16 states, all controlled from their offices strategically located across the United States.
The wheels of this monumental transaction were oiled by the strategic advice of Verdonck Partners LLC, solid legal counsel from Pierce Atwood LLP, and buyer’s expertise from Orrick, Herrington & Sutcliffe. Each entity played a pivotal role in steering this partnership into the realm of success.
As solar farms take root across the nation under this expanded partnership, CleanCapital and Sunrise Mountain Partners continue to illuminate the path toward sustainable energy and prosperous communities.
