US RE Developer Acquires 5 GW PV & Storage Pipeline

Birch Creek Energy Expands Solar & Storage Pipeline To Over 13 GW With Foundation Solar Partners Acquisition

US RE Developer Acquires 5 GW PV & Storage Pipeline

Birch Creek has purchased Foundation Solar Partners from Hull Street Energy in the US. (Photo Credit: Hull Street Energy)

  • Birch Creek Energy has purchased Foundation Solar Partners for an undisclosed amount
  • Foundation Solar has developed more than 800 MW greenfield solar projects and carries an additional pipeline of 5 GW solar and storage projects
  • Birch Creek now counts its total US solar and storage pipeline to have expanded to 13.5 GW

St. Louis, US based renewable energy company Birch Creek Energy has expanded its total solar and storage projects pipeline in the country to 13.5 GW with the acquisition of greenfield solar developer Foundation Solar Partners.

Washington headquartered Foundation Solar comes to Birch Creek’s fold with over 800 MW PV capacity developed and sold, and an additional pipeline of solar and storage projects adding up to around 5 GW mostly in the MISO and PJM markets of the US.

With this acquisition, the latter now has 13.5 GW solar and storage projects pipeline at various stages of development, and 1.7 GW capacity already developed.

“They not only bring immediate value by materially increasing our portfolio in key markets such as PJM and MISO, but the acquisition of the team brings a proven greenfield engine which will increase our velocity and scale,” said Birch Creek CEO Dan Siegel.

Birch Creek purchased Foundation Solar from private equity firm Hull Street Energy that invests in power sector ‘as it decarbonizes’.

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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