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Dawn Mountain Companions, a developer of renewable vitality tasks, introduced this week a major growth of its strategic co-development partnership with CleanCapital. CleanCapital, a diversified vitality firm, is without doubt one of the high house owners and operators of C&I and DG photo voltaic and storage tasks within the U.S., having deployed over $1 billion in cumulative capital up to now. The corporate presently oversees 223 working tasks totaling 291 megawatts (MW) spanning 21 U.S. states and territories. The amended settlement accelerates the events’ funding into and growth of native, community-based photo voltaic farms that present financial advantages and clear vitality to communities.
In lower than two years, the strategic alliance between Dawn Mountain Companions and CleanCapital has resulted in over 35 tasks in three states. Dawn Mountain Companions contributes its experience in siting, growing, and allowing tasks; CleanCapital gives the mandatory capital and market information to every venture and can have main accountability for development, venture financing, and long-term operations. By combining their respective experience and assets, the businesses are laying the groundwork for dozens of neighborhood photo voltaic farms in a number of states that may ship an estimated 350 million kilowatt hours of fresh vitality to native communities yearly, whereas producing native tax revenues and creating tons of of jobs throughout the nation.
Nicholas Minekime, CEO and Founding father of Dawn Mountain Companions, emphasised, “This expanded settlement accelerates our collaboration by offering elevated monetary assets and a long-term dedication to venture growth. Collectively, we’re empowering native communities throughout America with larger alternative, good-paying jobs, and diminished electrical payments.”
CleanCapital CEO and Co-Founder Thomas Byrne echoed these sentiments, emphasizing the transformative influence of the event partnership, stating, “I’ve identified Nick Minekime since 2014 and may attest unequivocally that he’s an individual of excessive integrity. Dawn Mountain has been a super growth companion for CleanCapital since we started collaborating two years in the past. We’re happy to considerably increase our actions by signing this long-term settlement.”
Paul Curran, Chief Growth Officer at CleanCapital, said: “We’re excited to increase our collaboration with Dawn Mountain Companions to develop a larger variety of tasks collectively in a number of core markets. This partnership represents a major step in direction of our aim of accelerating the circulation of institutional capital into grid-critical tasks to advance the nation’s clear vitality transition.”
Patrick Verdonck, CEO of Verdonck Companions, talked about, “It was a pleasure working with Nick Minekime and his staff. Their considerate strategy to growing photo voltaic tasks and, particularly, their willingness to work intently with all stakeholders makes them engaging companions to landowners and to the native communities through which they’re growing photo voltaic farms.”
Dawn Mountain Companions was based in 2021 by Nicholas Minekime, a clear vitality veteran with a profitable monitor file of growing, proudly owning, and working photo voltaic farms. The agency’s folks have been concerned within the growth, possession, and operations of over 70 photo voltaic farms nationally, representing over $1.2 billion of tasks in 16 states. The agency operates from its places of work in Dublin, Ohio; Stamford, Connecticut; and Modesto, California.
Verdonck Companions LLC suggested Dawn Mountain on the transaction. Pierce Atwood LLP served as Dawn Mountain’s authorized counsel.
CleanCapital engaged Orrick, Herrington & Sutcliffe as Purchaser’s counsel on this transaction.
About Dawn Mountain Companions
Dawn Mountain Companions builds partnerships with landowners and their communities. We develop, construct, and function photo voltaic farms that present clear electrical energy and financial advantages to native communities. The agency operates from its places of work in Dublin, Ohio; Stamford, Connecticut; and Modesto, California. For extra info, see SunriseMountainPartners.com
About CleanCapital
CleanCapital is a diversified clear vitality firm centered on the middle-market photo voltaic and storage trade. Mission-driven to mitigate the local weather disaster, CleanCapital leads the vitality transition with strategic investments in early-stage, new development, and working renewables tasks and growth companions. To this point, the corporate has invested $1 billion in tasks and firms, together with the acquisition of BQ Power, a nationwide chief in landfill and brownfield renewable vitality growth. The corporate has efficiently acquired and managed over 230 working and new development tasks in 26 states and one U.S. territory, totaling 460 MW. Extra details about CleanCapital could be discovered at cleancapital.com
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