Solar Power Developers CarbonFree Technology, SolEquity, Merge

Feb 20 2009 | 11:39am ET

U.S.-based solar power developers CarbonFree Technology and SolEquity have merged operations.

Both companies specialize in identifying, financing and developing solar power installations via Power Purchase Agreements (PPAs) and Solar Services Contracts. Together, they have developed or financed solar installations worth over $40 million and produced 6MW for institutional customers. The companies have a strong pipeline of 2009 projects in Arizona and other U.S. and Canadian locations.

“The SolEquity team are leaders in the Arizona solar market, and we are thrilled to be joining forces with them,” said CarbonFree CEO David Oxtoby in a statement. “The merger also helps us achieve a number of operational and financing synergies.”

SolEquity CEO Lee Feliciano says the newly merged company will have the resources to expand its Arizona operations, taking advantage of that state’s “huge potential” for solar power.

The merged company will operate under the name CarbonFree Technology, with its U.S. headquarters in Scottsdale, plus offices in the Baltimore area and Toronto, Canada.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of